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Token Economy
2026-09-21 12:27:12

Tencent Research Institute says tokens are becoming the base unit of the AI economy

Tencent Research Institute argues in the introduction to its new book Token Economy that a token should be understood not as storage, compute cycles, or data transfer, but as a unit for machine-produced intellectual work. The piece places tokens alongside earlier economic units such as the bushel, the barrel, the kilowatt-hour, and the bit, arguing that major shifts in economic organization often follow the arrival of a new standard of measurement. The article says token-based AI services have already moved beyond theory. It cites OpenAI’s disclosure in March 2026 that its API was processing 15 billion tokens per minute, up from 6 billion per minute in October 2025. It also points to figures released by China’s National Data Administration showing daily token calls in China rising from about 100 billion in early 2024 to more than 140 trillion by March 2026. IDC, according to the article, reported in April 2026 that global AI infrastructure spending reached $318 billion in 2025, up from $153 billion in 2024. The text also argues that token markets strain standard economic frameworks. It says the same number of tokens can create sharply different economic value depending on the task, while prices are falling quickly even as total spending rises. The article describes this as a version of the Jevons paradox and says existing tools for procurement, pricing, ROI analysis, trade, and regulation need to be recalibrated for a market where machine intelligence is bought and sold as a metered service.

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Tencent Research Institute says tokens are becoming the base unit of the AI economy
SiliconFlow
2026-09-20 08:00:35

SiliconFlow closes two new rounds, bringing 2026 equity financing to nearly RMB 2.9 billion

SiliconFlow said it has completed the second tranche of its B+ round and a new C round, with the company’s cumulative equity financing in 2026 approaching RMB 2.9 billion. The individual deal sizes were not disclosed. The company describes itself as a third-party AI inference infrastructure provider that turns computing power and models into tokenized services that can be called directly. Based on 2025 annual token throughput, SiliconFlow ranked fourth among token suppliers in China with a 1.5% market share. The top three were Volcano Engine at 42.7%, Alibaba Cloud at 32.5%, and Baidu AI Cloud at 11.8%, together accounting for about 87% of the market. SiliconFlow reported 2025 revenue of RMB 55.33 million, a net loss of RMB 345 million, and an overall gross margin of -24%. The investor lineup carried a strong state-backed profile, including China Internet Investment Fund, Guoxin Fund, China Mobile Chain Growth Fund, and China Orient Asset International, while Yaotu Capital, Shengyi Capital, and Guotai Venture Capital made follow-on investments. SiliconFlow had already filed with the Hong Kong Stock Exchange at the end of June and is seeking a main board listing under Chapter 18C for pre-commercial companies. The update came as Beijing rolled out what was described as China’s first provincial-level token economy policy.

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SiliconFlow closes two new rounds, bringing 2026 equity financing to nearly RMB 2.9 billion
Beijing
2026-09-18 16:09:00

Beijing moves to grade token factories under 2026-2028 action plan

Beijing’s Municipal Bureau of Economy and Information Technology and the Municipal Development and Reform Commission have issued the Action Plan for Accelerating the Development of the Token Economy in Beijing (2026-2028), laying out a framework to build what the document calls token factories to a high standard. The plan says Beijing will formulate a graded evaluation standard for token factories. The assessment will cover core technical indicators including the number of model adaptations, token throughput speed, first-token latency, cache hit rate, and power usage effectiveness, or PUE. The document also says the city will improve support around land resources, energy-consumption quotas, and communications networks, while backing token factories with industry-leading influence. On the technology side, the plan calls for faster iteration of foundation model technology to raise the upper bound of model intelligence. It also mentions work on model-chip adaptation and tuning, and support for research in inference-focused chips, model lightweighting, and edge deployment. In parallel, the document says Beijing will build and use intelligent computing resources at a high level to lift overall token production capacity.

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Beijing moves to grade token factories under 2026-2028 action plan
Broadcom
2026-08-31 13:20:51

Broadcom Unveils VMware AI Factory to Speed AI Production and Tighten Token Economy Control

Broadcom (AVGO.O) said on Aug. 31 that it has launched VMware AI Factory, according to a news update published by BlockBeats. The company said the product is designed to shorten AI production time while giving users stronger control over the AI token economy. The brief did not include technical specifications, rollout timing, target customers, pricing, or details on how that control framework will work in practice. With the available information limited to the launch announcement, the update centers on two stated goals: faster AI production and enhanced control tied to AI token economics. No additional comments, executive quotes, or product documentation were included in the source item.

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Broadcom Unveils VMware AI Factory to Speed AI Production and Tighten Token Economy Control
ai16z
2026-08-05 08:42:04

Eliza OS founder says ai16z is over as the old crypto AI agent trade fades

Shaw Walters, the founder of Eliza OS, has declared that the ai16z token is effectively finished, saying the foundation has shut down and no buyback will take place. In a long statement, Walters told holders to either sell or "find a group of people to pump it," while making clear he would do nothing more for the token. He also said the foundation had been sued by lawyers acting on behalf of token holders and no longer had the money to fight, with the remaining funds already paid out. The statement has brought renewed attention to one of the biggest crypto AI stories of late 2024. ai16z launched on DAOs.fun in October 2024 with a crowdfunding target of 420.69 SOL, about $75,000, for what was pitched as an AI-run investment fund. In less than three months, its market value climbed to $2.6 billion and helped push the wider AI agent token sector close to the $10 billion mark. The article argues that crypto priced the AI agent idea far earlier than the underlying products were ready. By 2026, many of the functions once promised in token white papers had become real through companies such as OpenAI, Anthropic and platforms like OpenRouter, none of which needed tokens to build viable businesses. That contrast now sits at the center of the ai16z post-mortem.

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Eliza OS founder says ai16z is over as the old crypto AI agent trade fades