Whilst everyone fears AI inflation, Payden & Rygel sees exactly the opposite. The cost of using AI equivalent to GPT-4 has fallen from $60 to $0.05 in two years. The asset manager warns that this “token deflation” could become a deflationary factor in the global economy.

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Payden and Rygel

Payden & Rygel is one of the largest privately-owned global investment advisers. Founded in 1983, they manage fixed income and equity portfolios through domestic and international solutions.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.