Why Compute Still Trades in Group Chats — Affaan Mustafa & Alejandro Soumah Fernandez, Jump Trading

Explains why GPU hour prices hold up while token prices fall, and why prepayment terms and bespoke contracts limit access for mid-size AI companies. Relevant to compute procurement and runway planning.

• token — The chunk of text a model reads and writes in — roughly three-quarters of a word — and the unit AI usage is billed in.

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