The Per-Token Trap: Why AI Got Cheaper and Your Bill Didn't
Here is the number that should be pinned to every CTO's whiteboard: the price of a single AI token has fallen more than 90% since 2023. In that same window, total enterprise spending on large language models has doubled, according to Apollo chief economist Torsten Slok's analysis of the Silicon Data Token Expenditure Index. Ramp's billing data tells an even starker story — businesses' monthly AI spend roughly quadrupled between February 2025 and February 2026. 📖 Read the full version with char…