tokens: everyone on the record — The Minutes https://minutesof.com/on/tokens/ Everyone on the record about tokens: 6 verbatim quotes from 4 people, May 2024 to August 2026, in one chronology, each with a timestamp and a link to its… en Sun, 30 Aug 2026 22:33:18 +0000 Gavin Baker: Baker explains Silicon Data token index dip reflects mix shift to cheaper open source, not demand https://minutesof.com/q/3974bcc3-0708-427a-bf03-ecbe054064b3/ https://minutesof.com/q/3974bcc3-0708-427a-bf03-ecbe054064b3/ “What the Silicon Data token index captures is mix, and they don't see all the tokens.” — Gavin Baker, Invest Like the Best Tue, 04 Aug 2026 08:00:00 +0000 tokens Dylan Patel: Patel reports that tokens now represent 30% of his 90-person company's costs versus 70% for emplo https://minutesof.com/q/289f5368-a657-42fd-9826-8e45417ec2ab/ https://minutesof.com/q/289f5368-a657-42fd-9826-8e45417ec2ab/ “My my own company of 90 people, 30% of my cost now is tokens versus 70% employee costs.” — Dylan Patel, RAISE Summit Wed, 22 Jul 2026 16:43:49 +0000 tokens Brad Gerstner: Gerstner argues replacing a software engineer may require 2 million expensive tokens where qual https://minutesof.com/q/3e6d5a7b-33d9-42df-859c-42d179ffedf7/ https://minutesof.com/q/3e6d5a7b-33d9-42df-859c-42d179ffedf7/ “if you're talking about replacing a software engineer for two hours, that may take 2,000,000 expensive tokens. And the consequence of using something that's 95% as good is really high.” — Brad Gerstner, All-In Podcast Mon, 13 Jul 2026 20:30:36 +0000 tokens Brad Gerstner: Gerstner argues that token production and consumption is the fundamental basis of all AI intell https://minutesof.com/q/108fa4fc-95f6-46b6-b83f-019d063ae52f/ https://minutesof.com/q/108fa4fc-95f6-46b6-b83f-019d063ae52f/ “There is no intelligence. There's no consumer chat GPT. There's no enterprise intelligence. There's no clawed code without the production of tokens.” — Brad Gerstner, Altimeter Capital Fri, 15 May 2026 20:31:59 +0000 tokens Dylan Patel: Patel explains prefill costs one-fourth of decode per token, making 30,000 token inputs costlier https://minutesof.com/q/187d2021-25f1-4e4f-8559-763189933ea6/ https://minutesof.com/q/187d2021-25f1-4e4f-8559-763189933ea6/ “And that's a very common ratio. Right? And then when you think about, okay, the cost of running pre fill is roughly one fourth of running decode.” — Dylan Patel, Clockwork Fri, 21 Nov 2025 17:18:51 +0000 tokens Jensen Huang: Huang compares AI factories to electricity generation, saying tokens will be sold per million li https://minutesof.com/q/8df6898c-abb8-4082-be49-731774f22907/ https://minutesof.com/q/8df6898c-abb8-4082-be49-731774f22907/ “And just like the last industrial revolution, nobody understood why this electricity is so valuable and is now sold, right, marketed kilowatt kilowatt hours, you know, per dollar.” — Jensen Huang, Stripe Tue, 21 May 2024 19:46:22 +0000 tokens