Tokens commodifying *increases* not decreases demand for inference and *increases* revenue for AI chip makers

When tokens become more like commodities and most workflows can be sufficiently done with 10x cheaper open source models instead of the latest frontier model....

or when enterprises are okay with using a 10x cheaper open source model and post training it with their company specific context instead of paying for a frontier Mythos class model from Ant...

This just sucks for Anthropic and OpenAI private share holders, as it means they cant price gouge when serving inference tokens

It DOES NOT suck for the rest of the compute supply chain.

Lower token costs means more enterprises adopt AI workflows, and every single token needs inference compute, which is bottlenecked now and will bottleneck ever harder going forward.

This means more money going into inference compute build outs, more GPUs, more memory chips, more photonics, more behind the meter power generation, more profit margins for neoclouds etc etc .

So the more Ant and OAI get cucked and the more that open sourced models are adopted, and the chepaer tokens get, the more bullish it is for $NVIDIA, $INTC, $MU,