Hardware cost per token
Chips, memory and serving that make each token cheaper to produce.
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Facts
- Lane
- Compute hardware
- Wave
- 2 of 12 (build order, not a date)
- Needs
- 1 boxes all the way back through hard links
- Unlocks
- 3 boxes downstream through hard links
- Leverage
- None: already built
- Cluster
- Around datacentre capex
Evidence as of October 2026
State of AI 2026 finds the fall in the price of a fixed capability is driven as much by algorithms and distillation as by cheaper chips, so hardware is only part of the story.
Around it
Needs · 1
Brakes
Works against this box