The Token Spending Price Index further declined to 1.5578, continuing its downward trend since the end of May and hitting a new low since April, suggesting a slowdown in the cash burn rate of AI companies. This index has now fallen 25% from its year-to-date high, but still retains approximately a 25% increase compared to the end of last year.
-------- Note: Token sales are currently a crucial source of monetization for the AI industry. Its price is one of the signals gauging the current supply and demand of computing power. If token prices remain high, cloud service providers will be incentivized to purchase more GPUs and DRAM memory and expand data centers. Conversely, a decline could indicate a "downgrade" in AI company spending, becoming a leading indicator of the end of this hardware boom cycle. Token price data is sourced from leading global AI models such as OpenAI, Anthropic, and DeepSeek.
