Payment data from Ramp, covering approximately 70,000 U.S. businesses, shows that two months after the release of Anthropic's flagship model Fable 5, it accounted for only about 6% of token usage and approximately 11.4% of spending. After the lower-priced Opus 5 was launched at the end of July, enterprise spending on it has already surpassed that of Fable 5. According to Anthropic's official pricing, the input and output costs for Fable 5 are $10 and $50 per million tokens, respectively—exactly double those of Opus 5. Anthropic also stated that Opus 5's performance on certain tasks has approached that of Fable 5. This indicates that enterprises are increasingly prioritizing cost per task. As the performance gap between models narrows, factors such as price, latency, stability, distribution channels, and workflow integration will more directly influence revenue, and cutting-edge capabilities may not necessarily translate into pricing power. However, Fable 5 was previously affected by a pause in its release and data retention requirements, so the poor sales cannot be entirely attributed to pricing at this time. If this trend continues, the value capture and gross margins of model companies will face pressure, with more value potentially shifting toward applications, data, and enterprise workflows.