{"id":40943,"date":"2025-06-13T13:40:30","date_gmt":"2025-06-13T20:40:30","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=40943"},"modified":"2026-02-27T02:26:55","modified_gmt":"2026-02-27T10:26:55","slug":"openai-drops-prices-no-new-siri","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/openai-drops-prices-no-new-siri\/","title":{"rendered":"OpenAI drops prices again, no new Siri from Apple &amp; more"},"content":{"rendered":"<figure class=\"wp-block-image size-large\"><\/figure>\n<p>There was a ton of action at the AI Engineer World\u2019s Fair that has now been recapped and summarized by several knowledgeable sources. It was all curated in the <a href=\"https:\/\/www.latent.space\/i\/165455151\/links-to-your-reflections-takeaways\">Latent Space newsletter<\/a>. OpenAI is back in the headlines with an update to o3 pricing, and Meta has made an incredible investment. Apple made a surprising non-announcement. If you\u2019re looking forward to a smarter Siri, you\u2019ll have to keep waiting.<\/p>\n<p>Let\u2019s dig in!<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-openai\">OpenAI<\/h2>\n<h3 class=\"wp-block-heading\" id=\"h-what-happened\">What happened<\/h3>\n<p>OpenAI has slashed pricing for its most powerful reasoning model, o3. Here\u2019s a chart:<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"624\" height=\"351\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2025\/06\/image_c9dfe8.jpg\" alt=\"Graph of OpenAI pricing\" class=\"wp-image-40947\"><\/figure>\n<h3 class=\"wp-block-heading\" id=\"h-why-it-matters\">Why it matters<\/h3>\n<p>For those who don\u2019t know how LLM pricing works, there are two key numbers to be considered: the cost of Input Tokens and the cost of Output\u00a0Tokens. You can generally think of Input Tokens as the text that is fed to the LLM, typically the \u201cprompt\u201d that is given, while Output Tokens\u00a0represent the text that is returned. For \u201comni\u201d models like o3, tokens can also represent images, videos, sounds, etc. As an example, if you asked o3 for a blueberry muffin recipe, the total cost would\u00a0be tiny fractions of a penny. But if instead, you asked it to do research on if we should repair or replace an HVAC system based on a large report of Work Orders and Equipment; that might cost several dollars. For companies like Yardi that are paying for these services, pricing is quite important, and an 80% reduction frees up a lot of capacity for us to deliver complex, powerful solutions to our customers.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-meta\">Meta<\/h2>\n<h3 class=\"wp-block-heading\" id=\"h-what-happened-0\"><em>What happened<\/em><\/h3>\n<p>Meta made a $14B investment in ScaleAI, which gives them a 49% stake in the company and also brings them Alex Wang, its (now former) CEO to lead the new Superintelligence team. ScaleAI is a large company that focuses on providing human annotated data services to all the big AI labs including Google, OpenAI, Microsoft, Anthropic, etc. Alex Wang is the youngest self-made billionaire because of it. So this is almost an \u201cacqui-hire,\u201d but also gives Meta access to data, which is the most important thing in AI.<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-why-it-matters-0\"><em>Why it matters<\/em><\/h3>\n<p>With money at this scale being spent on data and talent, Zuckerberg is very much trying to move the needle. Meta\u2019s Llama open-source models are quite impressive but are not really SOTA (state of the art) anymore. With the other big labs grabbing all the headlines, Meta has been struggling to stay on top. Acquiring Alex Wang and a literal firehose of data to train their models represents a big step-up for Meta. Open-source models like Llama could one day represent a big strategic advantage for Yardi should we choose to host our own AI infrastructure rather than relying on third parties like OpenAI, Anthropic and Google.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-apple\">Apple<\/h2>\n<h3 class=\"wp-block-heading\" id=\"h-what-happened-1\">What happened<\/h3>\n<p>Apple\u2019s Worldwide Developer\u2019s Conference (WWDC) took place this week and typically, they will announce amazing new products and features. Everyone has been waiting with bated breath for an update to Siri, their AI companion. Unfortunately, Apple was not able to deliver anything new on that front. Craig Federighi had this to say, \u201cAs we\u2019ve shared, we\u2019re continuing our work to deliver the features that make Siri even more personal. This work needed more time to reach our high-quality bar, and we look forward to sharing more about it in the coming year.\u201d<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-why-it-matters-1\">Why it matters<\/h3>\n<p>Well, if even Apple, one of the most valuable companies in the world, can\u2019t deliver more powerful AI tools, then imagine how difficult it must be to get to the \u201chigh-quality bar\u201d that they believe is necessary. Many software vendors are struggling to deliver value around AI tools even though they have committed significant resources to the goal. At Yardi, we have been more successful than most because we can fit AI directly into the context of our ecosystem as a whole, rather than just building point solutions. But it\u2019s not easy!<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-hume-ai\">Hume.ai<\/h2>\n<h3 class=\"wp-block-heading\" id=\"h-what-happened-2\"><em>What happened<\/em><\/h3>\n<p><a href=\"https:\/\/www.hume.ai\/\">Hume.ai<\/a> launched EVI 3, an incredible new speech-language model that allows users to custom design a voice based upon a simple description of what they are interested in hearing. We are again in the mind-blowing world of generative AI that can create realistic sounding human voices which can be customized in very powerful ways by a lay person in just a few minutes. You should really try it out yourself as it is super easy and quite impressive! Just click on the \u201cDesign a voice\u201d box on the home page and it will talk you through the process.<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-why-it-matters-2\"><em>Why it matters<\/em><\/h3>\n<p>Many of the tools Yardi is building utilize voice as a primary mode of interaction. Think about our chatbots built into Chat IQ or CRM IQ, for example. These tools generate speech based on text that is fed into them. One of the challenges we face is how to get the inflection right as text-to-speech doesn\u2019t have an obvious way to control it, other than using lots of commas and exclamation marks or perhaps ALL CAPS when you really need to shout. The ability to create custom voices like this could allow us to unlock a much more subtle inflection with substantially more control. An agent who is trying to renew a lease might have quite a different tone than one that is trying to collect outstanding rent, for example.<\/p>\n<p>Thank you all for tuning in. Please subscribe to be notified whenever a new post comes out, and we look forward to seeing you on the next one.<\/p>\n<p>Stay curious, my friends!<\/p>\n<p>-David<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s a tremendous amount of great content coming out of the AI Engineer World\u2019s Fair. Maybe that\u2019s why OpenAI dropped the price on their o3 model by 80%? Let&#8217;s explore.<\/p>\n","protected":false},"author":3804,"featured_media":40945,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3355,6],"tags":[1329,1800,3163],"class_list":["post-40943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","category-technology","tag-ai","tag-artificial-intelligence","tag-david-franklin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"There\u2019s a tremendous amount of great content coming out of the AI Engineer World\u2019s Fair. Maybe that\u2019s why OpenAI dropped prices by 80%?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardi.com\/blog\/openai-drops-prices-no-new-siri\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OpenAI drops prices again, no new Siri from Apple &amp; more\" \/>\n<meta property=\"og:description\" content=\"There\u2019s a tremendous amount of great content coming out of the AI Engineer World\u2019s Fair. Maybe that\u2019s why OpenAI dropped the price on their o3 model by 80%? 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