SHOW DIRECTORY
Latent Space
Technical conversations for AI engineers and builders covering models, agents, developer tools, inference, data, and production infrastructure.
BIDCLUB DESCRIPTION
The $10 Trillion Token Economy — Alex Atallah, OpenRouter & Anjney Midha, AMP
Stripe–OpenRouter reframes the token economy as a security market, with token flows projected at roughly $5 trillion in five years and $10 trillion over ten.OpenRouter’s moat spans over 10 million developers and roughly 10 trillion tokens daily, while frontier labs struggle to turn checkpoints into revenue.Fraud could drive discrete-task pricing and bring-your-own-inference, while the deal accelerates OpenRouter’s roadmap.
Anthropic, Glean & OpenRouter: How AI Moats Are Built with Deedy Das of Menlo Ventures
Glean’s moat is accumulated enterprise work—permissions, connectors, ranking and adoption—that positioned it for ChatGPT-driven distribution, while Anthropic’s revenue curve exceeded investors’ expectations.Anthropic’s model-layer advantage supports rapid growth, but app-layer moats remain thin and OpenRouter’s 5% routing fee faces token-price compression and disintermediation risk.The investment question is whether infrastructure, proprietary data and distribution can outlast commoditizing models and fund the next wave of AI applications.