Token prices fell 98%. Enterprise AI costs tripled. Now companies are asking why.
AI was supposed to get cheaper. It did, significantly. But as enterprises scale agentic systems, consumption is rising even faster, turning falling prices into spiraling costs and forcing a shift from experimentation to financial discipline.

Despite a 98% decline in per-token costs, enterprise AI spending is rising sharply, with total bills increasing by an estimated 320% and average annual budgets growing from roughly $1.2M in 2024 to $7M in 2026. The driver isn’t pricing; it’s volume. New agentic AI systems have significantly increased token consumption, with per-developer usage up ~18.6x in under a year and per-task costs climbing from $0.04 to ~$1.20 as workflows become more complex and multi-step. [thenextweb.com]
This rapid escalation is exposing a structural gap in how AI costs are managed. Companies are exceeding budgets, struggling to measure ROI, and shifting focus from adoption to financial control. In response, the industry is moving toward token-level governance, with leaders prioritizing visibility, usage limits, and auditability. The launch of the Tokenomics Foundation by the Linux Foundation signals a broader push to standardize AI cost measurement, introducing frameworks and metrics designed to bring discipline and comparability to a rapidly expanding and opaque cost category.
“Token-based consumption pricing does not behave like the software line items CFOs know how to model.” — Forbes reporting on Uber AI spend
Written by Henon
The opinions expressed are those of Henon Financial Technologies Inc. ("Henon"). The information and/or analysis contained in this material have been compiled or arrived at from sources believed to be reliable but Henon does not make any representation as to their accuracy, correctness, usefulness or completeness and does not accept liability for any loss arising from the use hereof or the information and/or analysis contained herein. Henon disclaims any responsibility to update such information. Neither Henon or its affiliates, nor any of their directors, officers or employees shall assume any liability or responsibility for any direct or indirect loss or damage or any other consequence of any person acting or not acting in reliance on the information contained herein. All overviews and commentary are intended to be general in nature and for current interest. While helpful, these overviews are no substitute for professional tax, investment or legal advice. Clients should seek professional advice for their unique situation. Neither Henon nor any of its affiliates or representatives is providing tax, investment, or legal advice. Past performance does not guarantee future results. This material was prepared solely for informational purposes, does not constitute an offer or an invitation by or on behalf of Henon to any person to buy or sell any security and is no indication of trading intent in any fund or account managed by Henon. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. Unless otherwise specified, all data is sourced from Henon. The Stylized Henon Design, and Henon Logo are trademarks of Henon Financial Technologies Inc.


