martin_casado· @martin_casado · X·· 3 小时前
事实摘要
我的朋友 @vitalygordon 在 token 市场饱和问题上提出了一个好观点。 目前对大多数公司来说，token 成本仍不到劳动力的 5%。所以没必要在让那 95% 变得高效上省钱。有点像给高薪厨师配钝刀。
正文 · 原文
My friend @vitalygordon made a good point on the question of market saturation for tokens.
Right now for most companies, tokens are still <5% of labor. So it doesn't makes sense to skimp on making the 95% productive. Somewhat like giving high paid cooks dull knives.
My third conversation with Martin Casado (@martin_casado), general partner at @a16z. - The case for consensus investing - Why moats are overrated - Frontier model economics - What happens when AI growth slows - Why private markets are efficient - Lessons from Cursor, OpenRouter, and World Labs acquisitions Enjoy! TIMESTAMPS Intro Four Types of Venture Investors What Everyone Gets Wrong About Network Effects Moats, Market Growth, and Disruptive Technologies How AI Is Rebuilding Computing Infrastructure Anthropic, Frontier Models, and the Future of AI Competition Why AI Is Bigger Than Software AI's Capital Revolution and Infrastructure Bottlenecks Market Efficiency, Valuations, and Venture Capital Lessons from AI's Biggest Acquisitions and the Future of VC在 X 查看被引用的帖子
来源：martin_casado · x.com
所属事件：a16z 合伙人谈 token 市场饱和