Citi: monthly AI token usage has grown 31% MoM on average since early 2025

Beth_Kindig · x · 2026-09-26

According to Citi, monthly AI token consumption has increased at an average rate of 31% month-over-month since the start of 2025, signaling continued explosive growth in AI inference demand. The trend directly benefits hyperscalers like Microsoft, Amazon and Google as well as compute suppliers such as NVIDIA.

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