One of the most important questions facing investors in artificial intelligence-related businesses comes down to: Is the value created by a token greater than the cost of that token?Microsoft chief executive Satya Nadella recently highlighted this as a key measure of success for the business over the medium term. It’s worth paying attention because if the economics of tokens do not improve materially over time, some of the valuations will prove difficult to justify.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles