"Total token usage should keep growing far faster than the price is falling, with most of that growth coming from cheap, fast, and increasingly open models." - Did the Frontier models "model" that?
Why now
Thesis: Token growth thesis underpins AI capex
Catalyst to watch: Actual token-usage and pricing data
Main risk: Assumption may not hold if demand saturates
Why it matters
Token-usage growth outpacing price declines supports continued AI compute demand despite cheaper models.
Details
"Total token usage should keep growing far faster than the price is falling, with most of that growth coming from cheap, fast, and increasingly open models." - Did the Frontier models "model" that?
Sources
- x · 2026-09-24 02:59 UTC