Inference economics / token deflation
Collapsing cost-per-token reshaping unit economics
Layers as clusters, money as arcs, brand marks on the biggest stars
AI Intelligence Graph
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Follows the graph · 1 entity
Full file coming soon. Inference economics / token deflation's links, deals and figures below are what the graph holds today.Not collected yet: 360, Money, Investors, Market share, People and hiring, Legal, News and events, Earnings calls. Anthropic is the first complete company file (people, investors, legal, hiring, birth to now); other companies follow one at a time. Open Anthropic's file
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L1 Cloud · Standard / protocol · macro · —
Inference economics / token deflation
Collapsing cost-per-token reshaping unit economics
- Links
- 4
- Deals from filings
- 0
- Exposed if it fails
- 3
- 8 within 2 steps
- It depends on
- 1
- 3 within 2 steps
No company file yet: revenue, customers and other figures appear here once they are taken from its filings.
What it is
The cost per token for a given capability fell by roughly an order of magnitude per year through 2024-2025, driven by better models, quantization, and inference chips, shifting the industry's economics from training to inference at scale. This deflation is what enables agentic workloads but also compresses per-token pricing and margins. It is the core financial dynamic determining who profits from AI.
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Connections4 links
Pulled 28 Oct 2026 · AI Systems Map links
Its suppliers
1Who depends on it
3Compare two: what Inference economics / token deflation shares with another entity
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Data sources1 source
| Source | Feeds | Data dated | Pulled | Pulled again | Status |
|---|---|---|---|---|---|
| AI Systems Map links4 links; built July 2026, deals re-checked against filings 27 to 28 Oct 2026 | Connections | · | 28 Oct 2026 | when the map is reviewed | hand-built; deals checked against filings |
Times are New York time. Free sources are pulled on the schedule shown by the pipeline runner (data/corpus/run_pipelines.py), which logs every run; paid sources run only with the owner's yes; filings and newsroom pages are re-read when a new document is filed.
Links come from the AI Systems Map ontology. Deals carry the filing's own wording and a quote, checked against the document; latest source 2026-10-26. Not investment advice.