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The cost of a token is falling by an order of magnitude every year, even as the price of the computers that make them goes up.

Drawn from what Jensen Huang said

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What Jensen Huang actually said

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Jensen Huang 23 Mar 2026

Co-founder and CEO of NVIDIA since 1993

You know, our computer price is going up, but our token generation effectiveness is going up so much faster that token cost is coming down. It's just coming down an order of magnitude every year.

Where this was said
Watch from 0:38:51 plays here
↗Jensen Huang: NVIDIA - The $4 Trillion Company & the AI Revolution | Lex Fridman Podcast #494youtube.com

video · 2h 25m · spoken · official transcript

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