No longer token economy? SenseTime bets on ‘task economy’ as token prices set to drop

The commercialisation of artificial intelligence is poised to transition from a “token economy” to a “task economy” as token prices decline in the coming years, according to Chinese AI company SenseTime. “The pricing of tokens will inevitably drop, much like the cost of telecoms data did two decades ago,” SenseTime CEO Xu Li said in an interview with the South China Morning Post. After foundational models and computing power become basic infrastructure, the true commercial value will shift...