I think, like a lot of what gets said on the All-In Podcast, this doesn’t make much sense.
The models aren’t yet making money. These companies are still cash-flow negative, and I am not expecting that to change for a while, at least another few months.
As for the tokens themselves making money, I think this is pretty ridiculous, but even taking them at their word, the companies that are buying tokens are already making money from them. Claude Code usage thus far has been incredibly subsidized by VC dollars and companies wouldn’t be paying for the tokens if they weren’t helping them make money. Companies aren’t paying for tokens just to get their employees used to coding with them. They are already making money from using AI (allbeit, a little).
I think, like a lot of what gets said on the All-In Podcast, this doesn’t make much sense.
The models aren’t yet making money. These companies are still cash-flow negative, and I am not expecting that to change for a while, at least another few months.
As for the tokens themselves making money, I think this is pretty ridiculous, but even taking them at their word, the companies that are buying tokens are already making money from them. Claude Code usage thus far has been incredibly subsidized by VC dollars and companies wouldn’t be paying for the tokens if they weren’t helping them make money. Companies aren’t paying for tokens just to get their employees used to coding with them. They are already making money from using AI (allbeit, a little).