Per-token pricing was the best thing to happen to enterprises looking to experiment with artificial intelligence, but it may be the worst thing for AI in production. That’s the quandary at the center of a new Futurum report, “The Off Ramp From Per-Token Pricing,” sponsored by neocloud provider QumulusAI Inc. The report’s key finding is that agentic AI can drive token consumption per task 10 to 100 times higher than a simple inference call. Agentic AI being more expensive is likely no surprise, but it’s good to see the report quantify it.