AI token prices come down to electricity, GPU rent and profit margins

davidmanheim · x · 2026-07-27

The thread argues that AI model prices can be decomposed into electricity, amortized hardware costs or GPU rental, and profit margin. The author’s broader point is that token pricing is ultimately a distribution question: who captures the value created by scarce compute.

The follow-up adds that hardware prices in a free market are set by what buyers are willing to pay, and when supply is constrained, the relevant price is not the highest-value use but the second-highest-value use.

Related event: AI Inference Services Cost Up to 15x More Than Renting GPUs(4 posts)→

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