Measuring Intelligence Per Watt Reveals Lack of Frontier Pricing Moat

ajratner · x · 2026-07-31

Researchers Jon Saad Falcon and Avanika propose a new metric: measuring intelligence per watt rather than just raw capability.

This perspective reframes the margin question. It suggests that high frontier pricing does not require a better model to fail; it only requires the following three conditions to hold, which would collapse the current pricing system:

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