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monthly editionno. 1

The Token Times

estd. 2026jul–aug 2026

8 pages · published aug 24, 2026 · a3 broadsheet

inside no. 1

  • 01front pagean unreleased openai model settles 10 open math problems for about $2,000 in tokens — then is slowed on cyber grounds six days later.
  • 02the people pagejeff dean leaves google after 27 years, and does not leave alone. alphabet funds the leaving party at $10b.
  • 03the consolidationstripe buys openrouter for more than $7b, and the new form of payments is in tokens.
  • 04indiasarvam puts a six-month clock on a trillion-parameter model built from scratch in india.
  • 05failproof aia word from the paper’s publisher.
  • 06money mattersforty unicorns in july, the highest monthly count in four years. four deals took nearly a third of it.
  • 07launch padcapy sells faith in agents, lemma sells doubt, and both work.
  • 08the token exchangethe price board: luna off 80 percent, and the spread to sol is now 25x on input. plus an obituary for claude opus 4.1.