GCPI Headline
100.0
Base period: Apr 2026
Geo. Mean Price
$0.081
per 1M input tokens
Price Dispersion
10.0×
floor-to-ceiling spread
Providers covered
8
Tier S constituents

Vol. I Inaugural Report — full narrative analysis, methodology note, and market structure commentary.

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GCPI Historical Index

Index level · quarterly reconstruction
2026-Q2 = 100 · Llama 3.1 8B Tier S · weighted geometric mean
DeepSeek R1 Jan'25 AWS P5 cut Jun'25 BIS H200 rule Jan'26 Reconstructed series — 2024-Q3 to 2025-Q4

Provider Pricing

Provider inference prices
USD / 1M input tokens · Llama 3.1 8B · Apr 2026
Low tier Mid tier Premium Hyperscaler
Price vs. index weight
Bubble size = constituent weight

Index Composition

Weight composition
Tier S constituents · v2026-04-a
Constituent table
8 providers · Tier S · Apr 2026
ProviderPriceWeight
DeepInfra$0.03020%
Groq$0.05015%
Together AI$0.10015%
Fireworks AI$0.10015%
Replicate$0.05010%
Clarifai$0.16010%
AWS P5 (OD)$0.2507.5%
AWS G5 (Spot)$0.3007.5%

Geopolitical Risk Monitor

Analyst-Estimated GRP: +18% above Jul 2024 baseline  ·  4 documented supply-side events  ·  US–China chip controls, BIS H200 licensing, Taiwan supply chain risk

Note: GRP values are analyst estimates, not statistically computed. Formal event-study estimation planned for Vol. II.

Full analysis →