AI's biggest customer is now AI: agentic token usage jumped 14x
According to one analyst, February 6, 2026 may have been the last day humans consumed more tokens than agents. Agent usage has grown 14x since.
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Inference
Etched's valuation doubles in a month to $21 billion
Etched, which builds inference hardware, raised another $700 million led by Jane Street. Its valuation went from $10.3 billion in July to $21 billion, with the round led by a fund that tested and bought the hardware first.
Companies