The Token Economy: From Subsidized Chatbots to Agentic Infrastructure
This week's edition examines the structural shift from passive AI interfaces to autonomous agentic workflows and the resulting impact on corporate finance. We analyze the transition from a period of subsidized intelligence to a new era of scarcity, where enterprise value is increasingly defined by token efficiency and the management of physical compute supply.
Read this edition in full at pers-int.com
0:00 - Introduction
0:27 - Beyond the Chatbot: The Rise of Agentic Workflows
8:00 - The New Compute Arms Race: Infrastructure and IPOs
14:08 - The Great Token War: From Subsidies to Scarcity…
The skinny
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