The Token Ledger – 2026-07-12

Price Changes

• Qwen: Qwen2.5 VL 72B Instruct – Prompt price dropped from $0.80/1M to $0.25/1M; completion price dropped from $1.00/1M to $0.75/1M.
  
  Who should care: Developers building vision‑language applications see roughly a 68% reduction in input token cost and a 25% cut in output token cost.

• Z.ai: GLM 5.2 – Prompt price increased from $0.41/1M to $0.42/1M; completion price increased from $1.28/1M to $1.32/1M.
  
  Who should care: Users of this model will notice a modest (~3‑4%) rise in per‑token expenses.

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