Claude Fable 5$22.000/MClaude Opus 5$11.000/MClaude Opus 4.8$11.000/MClaude Opus 4.7$11.000/MClaude Opus 4.6$11.000/MClaude Opus 4.5$33.000/MClaude Sonnet 3.7$6.600/MClaude Opus 3$33.000/MClaude 2.1$12.800/MClaude 2$12.800/MGPT-5.6 Sol$12.500/MGPT-5.6 Terra$5.000/MGPT-5.5$12.500/MGPT-5.2$5.425/MGPT-5.2-Codex$5.425/MGPT-5$3.875/MGPT-4.5$97.500/MGPT-4 Turbo Preview$16.000/MGPT-4$39.000/MGPT-4-32k$78.000/Mo3$19.000/Mo3-mini$2.090/Mo4-mini$2.090/Mo1$28.500/Mo1-mini$5.700/Mo1-preview$28.500/MGemini 3.5 Pro$5.000/MGemini 3.1 Pro$5.000/MGemini 3 Pro$5.000/MGemini 2.5 Pro$3.875/MClaude Fable 5$22.000/MClaude Opus 5$11.000/MClaude Opus 4.8$11.000/MClaude Opus 4.7$11.000/MClaude Opus 4.6$11.000/MClaude Opus 4.5$33.000/MClaude Sonnet 3.7$6.600/MClaude Opus 3$33.000/MClaude 2.1$12.800/MClaude 2$12.800/MGPT-5.6 Sol$12.500/MGPT-5.6 Terra$5.000/MGPT-5.5$12.500/MGPT-5.2$5.425/MGPT-5.2-Codex$5.425/MGPT-5$3.875/MGPT-4.5$97.500/MGPT-4 Turbo Preview$16.000/MGPT-4$39.000/MGPT-4-32k$78.000/Mo3$19.000/Mo3-mini$2.090/Mo4-mini$2.090/Mo1$28.500/Mo1-mini$5.700/Mo1-preview$28.500/MGemini 3.5 Pro$5.000/MGemini 3.1 Pro$5.000/MGemini 3 Pro$5.000/MGemini 2.5 Pro$3.875/M

Insight · The Flagship Briefing

The Compute

Proprietary daily and weekly strategic briefings on the AI economy: GPU markets, frontier model releases, capital flows, and regulatory shifts. Built for infrastructure leaders, operators, and investors.

Written by Ziad Matar, Co-founder

20 issues published

Published Issues

20 issues published
ISSUE #020August 28, 2026

Thirty Trillion, All the Way Down

Anthropic's $30tn TAM, taken apart layer by layer: users and tokens, racks and Macs, fabs and machines, and the arithmetic the ceiling requires.

Read on Substack →
ISSUE #019August 21, 2026

Intelligence, Collateralised: Inside AI's New Asset Class

The Compute / by Tokenando | Issue XVI How AI infrastructure is financed: Nvidia's $500bn platforms, debt off the book & Stripe's $7bn bet on the token economy

Read on Substack →
ISSUE #018August 13, 2026

The Elephants in the Room in the September U.S.-China AI Talks

THE COMPUTE / BY TOKENANDO Issue XV / August 13, 2026

Read on Substack →
ISSUE #017August 6, 2026

Should I stay or should I go

THE COMPUTE / BY TOKENANDO Issue XIV / August 6, 2026

Read on Substack →
ISSUE #016July 31, 2026

Race to the top: when free stopped being cheap

THE COMPUTE / BY TOKENANDO Issue XIII / July 31, 2026

Read on Substack →
ISSUE #015July 23, 2026

Standard definition: 5 AI words we use every day, and what each one actually means

THE COMPUTE / BY TOKENANDO Issue XII / July 23, 2026

Read on Substack →
ISSUE #014July 16, 2026

The Music Dispatch: Human after all

THE COMPUTE / BY TOKENANDO Issue XI / July 16, 2026

Read on Substack →
ISSUE #013July 9, 2026

The great turnaround: the jobs everyone thought were safe

THE COMPUTE / BY TOKENANDO Issue X / July 9, 2026

Read on Substack →
ISSUE #012July 2, 2026

Claude-y with a chance of open bots

THE COMPUTE / BY TOKENANDO Issue IX / July 2, 2026

Read on Substack →
ISSUE #011June 25, 2026

The cost of control

THE COMPUTE / BY TOKENANDO Issue VIII / June 25, 2026

Read on Substack →
ISSUE #010June 22, 2026

A Tale of Three Continents

THE COMPUTE / BY TOKENANDO VivaTech Special · Light read / June 22, 2026

Read on Substack →
ISSUE #009June 22, 2026

A tale of three continents

THE COMPUTE / BY TOKENANDO VivaTech Special / June 22, 2026

Read on Substack →
ISSUE #008June 18, 2026

When the frontiers keep shifting

THE COMPUTE / BY TOKENANDO Issue VII / June 18, 2026

Read on Substack →
ISSUE #007June 11, 2026

The essay or the movie?

THE COMPUTE / BY TOKENANDO Issue VI / June 11, 2026

Read on Substack →
ISSUE #006June 4, 2026

How many R's in strawberry?

THE COMPUTE / BY TOKENANDO Issue V / June 4, 2026

Read on Substack →
ISSUE #005May 28, 2026

All roads lead to Rome, with Love from… Beirut

THE COMPUTE / BY TOKENANDO Issue IV / May 28, 2026

Read on Substack →
ISSUE #004May 21, 2026

The diet of nothing burgers that fed the token economy

THE COMPUTE / BY TOKENANDO Issue III | May 21, 2026

Read on Substack →
ISSUE #003May 14, 2026

Money talks

AI geopolitics, compute futures, and that moment when the models left the building

Read on Substack →
ISSUE #002May 7, 2026

What a Victorian economist got right about your AI bill

Larry Fink wants to trade compute like oil. BlackRock is spending $40bn to get there first. Plus: the Jevons Paradox, explained once and for all.

Read on Substack →
ISSUE #001May 1, 2026

The line that ate the P&L

Read on Substack →

What We Cover

GPU & Compute Markets

Spot pricing, hyperscaler capacity shifts, and emerging inference infrastructure.

Token Pricing Moves

Provider price changes, cost benchmarks, and what they signal about competitive dynamics.

Model Releases & Benchmarks

What is shipping, what it costs, and whether the benchmarks hold up under scrutiny.

Capital Flows & M&A

Funding rounds, strategic acquisitions, and where the smart money is moving.

Regulatory & Policy

EU AI Act updates, US executive orders, and what operators need to act on.

API & Platform Shifts

Rate limit changes, new modalities, deprecation timelines, and migration signals.

Methodology

The Compute draws on Tokenando’s live pricing database (657 models, 66 providers), proprietary RSS aggregation across 30+ primary sources, and original analysis. We do not reproduce press releases. Every claim is sourced, every price is verified, and our analytical frameworks are disclosed in full on the About page.