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Featured Economics 15 Jul 2026 · 7 min read

The candle and the token: what happens when the price of thinking collapses

In 2023 a million tokens from the best model on earth cost thirty dollars. Today a better model costs under fifty cents. The price of machine cognition is falling roughly tenfold a year, and almost everyone is reading the wrong history.

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Economics · 4 Feb 2026

The forty-thousand-pound MVP is a myth in 2026

A founder asked me last week what a "fair" budget was for an MVP. The honest 2026 answer is much lower than the number everyone is quoting. Here is the actual breakdown.

Louis O'Connell-Bristow 6 min

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