LLM API pricing in August 2026 spans a 640-fold gap between the cheapest and dearest flagship output token. This guide compares OpenAI, Anthropic, Google, Mistral, DeepSeek, Qwen and xAI rates side by side. It then shows how caching, batch and off-peak discounts cut real bills by 50–98%.
Claude 5 arrived as three staggered releases between 9 June and 24 July 2026, spanning Claude Fable 5, Mythos 5, Sonnet 5 and Opus 5. This guide maps the three-rung pricing ladder, the shared 1M-token context window and Claude Code integration. It then helps you pick the right tier for coding, agents and enterprise work.
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