DeepSeek overtakes Google on volume, cost per token falls 13.6%

AI Gateway Production Index — August 2026

Every month, AI Gateway routes tens of trillions of tokens between production applications and AI labs. That traffic gives us a view of what AI usage actually looks like in today’s enterprise, and we publish it here monthly. See the Production Index reports from May, June, and July.

The demand was new rather than diverted. K3 processed nearly two-thirds of all Kimi tokens within two weeks and 82% by the final week, while the rest of the family’s volume fell only slightly.

Open weight’s share of gateway spend more than doubled in July to 8.6%. More than 90% of that growth is Moonshot and Z.ai. Moonshot’s share of total gateway spend quadrupled, to 2.3%. Cheap open-weight models have been taking volume for months without taking revenue. Kimi K3 and GLM 5.2 are the first to capture significant volume at more than eleven times DeepSeek’s rate per token.