Author here. Most coverage of Jensen's token compensation proposal last week has focused on the labor/recruiting angle. I think the more consequential story is that Nvidia is building the pricing infrastructure the AI industry needs to close the gap between what AI costs and what users pay. The piece traces how commodity pricing frameworks develop (with parallels to oil and electricity markets), maps the value chain from chips to applications, and lays out three phases for how the token economy is likely to develop. Happy to discuss any of it.
Author here. Most coverage of Jensen's token compensation proposal last week has focused on the labor/recruiting angle. I think the more consequential story is that Nvidia is building the pricing infrastructure the AI industry needs to close the gap between what AI costs and what users pay. The piece traces how commodity pricing frameworks develop (with parallels to oil and electricity markets), maps the value chain from chips to applications, and lays out three phases for how the token economy is likely to develop. Happy to discuss any of it.