Tokenomics - the Elon Musk worldview as rocket man watches AI costs soar into orbit, but doesn't mind
No-one is immune from the reach of tokenomics; it’s just that some don’t care about it as much as others! Take Elon Musk’s SpaceX, Last month, the firm released version 4.5 of its Grok gen AI bot which had a major impact - token consumption tripled in its wake!
But if you’ve pulled off a ludicrously successful IPO that so bewitched Wall Street that investors cheerfully looked beyond basic fiscal realities, turning the founder into a trillionaire in the process, then a mere tripling of token consumption isn’t something that’s about to put you off your stride.
Certainly SpaceX has no intention of slowing down its spending on AI, quite the opposite in fact. For its latest fiscal quarter, CapEx jumped sixfold to $18.4 billion, of which $15.8 billion went on AI compute resources, up from $7.7 billion in Q1, even as its AI business turned in an operating loss...
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