a16z Report: Chips Take Half of AI Infrastructure Spending

a16z's latest State of Markets report charts where AI infrastructure money flows: of every $100, roughly $50 goes to chips and $20 to power, while agents now consume five times as many tokens as humans.

2026-10-01 ~ 2026-10-02 · 2 related posts

• a16z's State of Markets II: agents burn 5x more tokens than humans, up 14x since February — srimisra · 2026-10-01
• a16z: every $100 into AI buildout sends $50 to chips, $20 to power; 100+ charts — demian_ai · 2026-10-02