被“错杀”的Token第一股迅策涨超6%,Token单价与ARR双双暴涨

格隆汇
Apr 27

4月27日,消息面上,4月24日,当DeepSeek官方宣布全新系列模型DeepSeek-V4预览版本正式上线并同步开源,V4-Flash每百万tokens输入价格低至0.2元,输出价格2元/百万Token,不到GPT-5.5 Pro价格的2‰,再度撼动整个AI产业。然而,在通用Token价格普降的背景下,市场对高价值场景Token的溢价却十分稳定。据悉,迅策垂类Token的调用价格已达到10-100美金/百万Token,是Anthropic的十倍以上,并根据专业的使用场景在持续增长。

迅策输出的垂类专用Token,能够大幅削减企业无效Token消耗、提升业务运转效率,客户愿意为这种高确定性、高转化率的价值支付溢价。进入2026年,这一价值放大趋势仍在持续加速。Token付费收入占比已突破5%,全年目标为提升至20%-30%。4月,迅策Token调用相关的年度经常性收入(ARR)季度环比暴涨300%。

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