The days of tokenmaxxing might be over, y’all Instead of using AI to build the kind of code we talk about in this video, token-heavy agentic loops are still the most broadly talked about area right now. An article came out a few months ago about token minimization, but it seemed to be more about cutting employees off from their ability to use AI at all. Plus, let’s look at a very relevant case study indicating that token minimization isn’t really happening yet: Anthropic’s recent S1 filing. About 80% of Anthropic’s revenue is billed per token rather than as flat monthly subscriptions, which includes developers building on the API and companies whose employees use Claude’s own apps, like Claude Code, on usage-based plans. Revenue thus grows with how long and how often agents run. The S1 filing shows that the top 5% of Claude Enterprise users who also use Claude Code spend about 20x more than those who don’t, net revenue retention is about 900%, and quarterly revenue went from $376M t