Everyone’s talking about oil, but I think what the world is mainly short of is tokens.
That line comes from Ben Pouladian, an engineer and tech investor quoted in The Wall Street Journal on Sunday.
To make sure we’re all on the same page, a token is simply a unit of measurement tracking how much computing power an AI task consumes.
Think of it as the basic currency of the AI economy – every query, every generated document, every autonomous agent action draws from the supply. And right now, that currency is running short.
This has significant investment implications that we’ll get to shortly. But first, let’s look at the scope of the problem…
This post originally appeared at InvestorPlace.