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Google prices its third-ranked Gemini 4 Argon at half the cost of Anthropic's Claude Opus 5.5

Google priced Gemini 4 Argon at half Claude Opus 5.5's per-token rate for a model one composite index ranks third, behind two Anthropic models. On price alone it only matches OpenAI's newly discounted GPT-6.1 Sol, so the price edge Google is selling is against Anthropic.

The Investor · Invest desk

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Illustration accompanying Google prices its third-ranked Gemini 4 Argon at half the cost of Anthropic's Claude Opus 5.5
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What happened

  • Outside access is limited to select cyber defenders and Google's internal teams, with paid API customers and AI Ultra subscribers next and no public release date.
  • Argon scored 68% on the CWE-bench v1 cybersecurity test, tying for the top score.
  • Nick Patience of the Futurum Group said Argon makes Google competitive in AI again without making it the leader.
  • Alphabet shares fell about 6% over the past three months while Meta's rose 19%.

Why it matters

  • Who has to decide decision Enterprise buyers have to decide whether the two Claude models' lead on the composite index is worth paying twice Argon's per-token rate for Opus 5.5.
  • What it limits constraint Google books no API revenue at $2 and $10 until paid customers are admitted, so investors have no start date from which to model the price in cloud results.
  • Who's exposed exposure A better model leaves Alphabet's consumer case open, because JPMorgan wrote that Google needs a significant advance in personal agents to generate consumer enthusiasm.

Take a job that reads a million tokens and writes a million. Argon costs $12 against $24 on Claude Opus 5.5 and $60 on Claude Fable 5.1, using the list rates Jefferies cited [1][18][15]. Google prices cached input 95% lower, about 10 cents per million tokens [13].

The output ceiling moved as well. Argon can write up to 1 million tokens in a single trajectory, up from 64,000, about 15.6 times the old limit [6][17]. A per-token discount saves the most on long jobs, and long jobs are what Tim Law, director of research for AI at IDC, singled out. "Google Gemini 4 Argon shows advanced reasoning on critical tasks, according to benchmarks, particularly legal reasoning, finance and other aspects of enterprise knowledge work, including long-running tasks," Law said [21].

Jefferies said Argon appears to set a new benchmark for the cost-performance frontier [18]. Against Anthropic the case is price. Against OpenAI, whose discounted GPT-6.1 Sol carries the same rates [11], the case is rank (only the two Claude models sit above Argon on the Artificial Analysis index, so every OpenAI model on that board sits below it) [25].

Other outcomes are possible. Sonnet 5.5 also ranks above Argon, and its price is not in any of the three reports [24]. If it sells near $2 and $10, Google's discount argument against Anthropic shrinks to Opus alone. Anthropic could also cut Opus 5.5 before Google opens access. Or production results could trail the benchmarks, a risk Law named himself. "While Google touts the success of internal use cases, the final proof will be in enterprise production environments once the model is fully released," he said [10]. Jefferies, for its part, called independent testing and real-world deployment the "ultimate validation" [9].

Before wider release, Google is going through the Trump administration's voluntary pre-release model access process [5]. "Starting this rollout in this way gives us more confidence, but also enables us to put a model that is trained and strong in cyber defense in the hands of defenders as soon as possible," said Tulsee Doshi, Google's Gemini model product lead [8]. So far the only payback Google has described is internal. Argon agents found memory optimizations that freed more than 300 TiB across its data centers, with total savings estimated at 500 TiB to 1 PiB, and Google did not have to buy additional hardware to get them [3][4].

I think Google priced its first flagship since February [16] to win enterprise trials on cost while it trails on rank. Its own plan keeps Argon for the hard work. Doshi said the cheaper, lighter models Google released over the summer remain essential for everyday agents, with frontier models handling complex assignments [23]. The counter-case is that enterprise buyers pay for the top-ranked model, and if so, halving the price buys Google little. The view is wrong if Sonnet 5.5 already sells near Argon's rates, or if Anthropic halves Opus 5.5 before Google opens the API.

What to watch

  • A Google release date for paid API customers and AI Ultra subscribers, the point at which Argon's pricing starts producing revenue.
  • A published Sonnet 5.5 rate at or near Argon's $2 and $10, or an Opus 5.5 price cut, either of which would narrow Google's discount argument.
  • Independent testing and enterprise production results, which Jefferies called the "ultimate validation" of Google's benchmark claims.

Information, not investment advice. This story is general information about companies and markets, drawn from cited reporting. It is not a recommendation to buy, sell or hold any security; check the cited sources before acting.

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What the record supports and how the coverage leans. The claims behind it follow.

Reality

Evidence55
Adoption20
Hype gap+30
Incentives65
Confidence55

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Claim ledger

Ranked by verification strength, evidence, and original report placement.

  1. [1]

    Gemini 4 Argon is priced at $2 per million input tokens and $10 per million output tokens, with cached input priced 95% lower.

    Reported Supported Source: Proactive Investors, citing GoogleView cited source
  2. [2]

    Access to Argon is initially limited to select cyber defenders and Google's internal teams; broader access will follow starting with paid API customers and Google AI Ultra subscribers, but Google gave no public release date.

    Reported Supported Source: Proactive Investors, citing GoogleView cited source
  3. [3]

    Google said Argon agents identified memory optimizations that freed more than 300 TiB across its data centers, with total savings estimated at 500 TiB to 1 PiB.

    Reported Supported Source: Google, via Proactive InvestorsView cited source
  4. [4]

    Google said the model freed up hundreds of terabytes of memory at its data centers without buying additional hardware.

    Reported Supported Source: Google release, via CNBCView cited source
  5. [5]

    Google is taking part in the Trump administration's voluntary pre-release model access process before wider availability.

    Reported Supported Source: Proactive InvestorsView cited source
  6. [6]

    Argon can generate up to 1 million output tokens in a single trajectory, up from 64,000 previously.

    Reported Supported Source: Proactive Investors, citing GoogleView cited source
  7. [7]

    Argon scored 68% on CWE-bench v1, tying for the top score.

    Reported Supported Source: Proactive Investors, citing GoogleView cited source
  8. [8]

    "Starting this rollout in this way gives us more confidence, but also enables us to put a model that is trained and strong in cyber defense in the hands of defenders as soon as possible,"

    Reported Supported Source: Tulsee Doshi, Google's Gemini model product lead, to CNBCView cited source
  9. [9]

    Jefferies noted that independent testing and real-world deployment remain the "ultimate validation."

    Reported Supported Source: Jefferies, via Proactive InvestorsView cited source
  10. [10]

    "While Google touts the success of internal use cases, the final proof will be in enterprise production environments once the model is fully released,"

    Reported Supported Source: Tim Law, IDC, to CNBCView cited source
  11. [11]

    Argon's introductory pricing of $2 per million input tokens and $10 per million output tokens matches OpenAI's newly discounted GPT-6.1 Sol model.

    Reported Supported Source: CNBCView cited source
  12. [12]

    Over the past three months Alphabet's stock is down about 6%, while Meta is up 19%.

    Reported Supported Source: CNBCView cited source
  13. [13]

    Argon's cached input costs about $0.10 per million tokens.

    Derived Supported
  14. [14]

    Argon's per-token rates are half of Claude Opus 5.5's on both input and output.

    Derived Supported
  15. [15]

    A job of 1 million input and 1 million output tokens costs $12 on Argon, $24 on Claude Opus 5.5 and $60 on Claude Fable 5.1 at list rates.

    Derived Supported
  16. [16]

    Gemini 4 Argon is Google's first flagship model release since February.

    Reported Supported Source: Proactive InvestorsView cited source
  17. [17]

    Argon's single-trajectory output ceiling is about 15.6 times the previous limit.

    Derived Supported
  18. [18]

    Jefferies said Argon appears to set a new benchmark for the cost-performance frontier in foundation models, with pricing well below Claude Fable 5.1 at $10 and $50 and Claude Opus 5.5 at $4 and $20 per million input and output tokens.

    Reported Supported Source: Jefferies, via Proactive InvestorsView cited source
  19. [19]

    JPMorgan Chase analysts wrote that Google needs a significant advance in its personal agent offerings to generate consumer enthusiasm.

    Reported Supported Source: JPMorgan Chase note, via CNBCView cited source
  20. [20]

    Google's personal agent Spark remains limited to paying subscribers, while Meta's Muse is free with usage caps and had more than 5 million downloads as of Sept. 30, according to Sensor Tower.

    Reported Supported Source: CNBC, citing Sensor TowerView cited source
  21. [21]

    "Google Gemini 4 Argon shows advanced reasoning on critical tasks, according to benchmarks, particularly legal reasoning, finance and other aspects of enterprise knowledge work, including long-running tasks,"

    Reported Supported Source: Tim Law, director of research for AI at IDC, to CNBCView cited source
  22. [22]

    Nick Patience, AI lead at the Futurum Group, said Argon has made Google competitive again in AI but does not make it the "leader."

    Reported Supported Source: Nick Patience, Futurum Group, via CNBCView cited source
  23. [23]

    Doshi said Google's cheaper, lighter models released over the summer remain essential for everyday agents, while more powerful frontier models provide the additional reasoning required for complex assignments.

    Reported Supported Source: Tulsee Doshi, via CNBCView cited source
  24. [24]

    The Artificial Analysis Intelligence Index, a composite benchmark score, places Gemini 4 as lagging behind only Claude Opus 5.5 and Claude Sonnet 5.5 on its leaderboard.

    Reported Contested Source: CNBC, The Tech DownloadView cited source
  25. [25]

    On the Artificial Analysis index, every OpenAI model on the leaderboard ranks below Argon, since only Claude Opus 5.5 and Claude Sonnet 5.5 rank above it.

    Derived Contested

Sources

12 independent publishers whose own reporting we read for this story.

  1. cnbc.com

    3 articles · October 2, 2026

    Google rolls out Gemini 4 Argon, its most advanced AI model
  2. cryptobriefing.com

    1 article · October 1, 2026

    Google unveils Gemini 4 Argon, an AI model built to hunt software bugs
  3. decrypt.co

    1 article · September 30, 2026

    Gemini 4 Is Here, and Google’s Flagship Tops All Other AI Models on Cybersecurity
  4. dev.to

    1 article · October 1, 2026

    Gemini 4 Argon Wins 12 of 18 Benchmarks. Code Isn't One.
  5. finance.yahoo.com

    1 article · September 30, 2026

    Google debuts Gemini 4 Argon, its latest frontier model
  6. gulfnews.com

    1 article · September 30, 2026

    Google restricts access to new AI model over safety concerns
  7. indianexpress.com

    1 article · October 1, 2026

    What is Gemini 4 Argon, Google’s new AI model to hunt security bugs? | Technology News - The Indian Express
  8. livemint.com

    1 article · September 30, 2026

    Google unveils Gemini 4 Argon: Its most powerful AI model yet, focused on coding and cyber defence | Mint
  9. morningstar.com

    2 articles · October 1, 2026

    Google shows it's not out of the AI race just yet | Morningstar
  10. proactiveinvestors.com

    1 article · October 1, 2026

    Google unveils Gemini 4 Argon, its first flagship AI model since February | NASDAQ:GOOG
  11. pulse2.com

    1 article · September 30, 2026

    Google Introduces Gemini 4 Argon With 1 Million-Token Output Limit
  12. qz.com

    1 article · October 1, 2026

    Google launches Gemini 4 Argon AI model for cybersecurity partners

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