@0xCheshire: Chamath just revealed a deeply unsettling truth for the AI industry. He asked his own CTO to review the company's spending, and the result was staggering: "Our token costs are doubling every 45 days," yet the downstream productivity gains are at most about 5%. Costs are skyrocketing exponentially, while returns remain basically flat...

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Summary

Chamath reveals the harsh reality of AI costs vs. returns: token costs double every 45 days, but downstream productivity gains are at most 5%. Large model capability improvement has hit an asymptote, and within the next 3-4 years, every company will face an ultimate reckoning between cost and benefit.

Chamath just revealed a deeply unsettling truth for the AI industry. He asked his own CTO to review the company's spending, and the result was staggering: "Our token costs are doubling every 45 days," yet the downstream productivity gains are at most about 5%. Costs are skyrocketing exponentially, while returns remain basically flat. The capability improvement of large models has actually hit an asymptote. Now, even the slightest improvement in the next round requires massive amounts of tokens. Chamath pointed out that within the next 3 to 4 years, every company will inevitably go through this ultimate reckoning of cost vs. benefit.
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Cached at: 07/13/26, 05:58 PM

Chamath just revealed a truth that has shaken the AI industry to its core.

He asked his own CTO to review the company’s spending, and the results were staggering:

“Currently, our token cost doubles every 45 days,” but downstream productivity gains are at most about 5%.

Costs are skyrocketing exponentially, yet returns remain essentially flat.

The capability improvement of large models has actually reached an asymptote. Now, obtaining even the slightest next round of improvement requires consuming a massive amount of tokens.

Chamath pointed out that within the next 3 to 4 years, every company will inevitably face this ultimate reckoning between cost and benefit.

Cheshire🔔|Crypto+AI Plus (@0xCheshire): Chamath: Modern developers no longer need so-called “judgment.”

In the past, 10x engineers were awesome because their judgment crushed that of ordinary people.

But now, AI agents have turned everyone into a 10x engineer. There’s simply no differentiation left at the code level.

If you start a company today, will you still agonize over which database to use at the infrastructure layer? Will you still weigh whether to choose GCP, AWS, or Azure?

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