That guy is a doom monger who makes his living bashing AI and I don't believe a word he says.
We're still in early days with these LLM's and AI in general. There's huge potential and very large demand for it, that's the reason for the infrastructure boom. The companies that could benefit the most from AI haven't had time to properly integrate it, so naturally there are growing pains. Anthropic and OpenAI are themselves just fledgling companies trying to grapple with success.
Meanwhile, token prices have fallen dramatically.
"According to Ramp’s enterprise spending data, the average cost per million tokens across major providers fell from roughly $10 to $2.50 in a single year. Epoch AI’s research suggests that inference costs are dropping at rates approaching 200x per year when accounting for both pricing and efficiency improvements."
"The pattern here echoes the early days of cloud computing, when providers offered aggressively low pricing to capture market share, then gradually introduced reserved instances, tiered pricing, and consumption-based billing as usage matured. The AI pricing cycle appears to be compressing that same evolution into a much shorter timeframe."
https://www.artefact.com/blog/...
But alongside that people are now deploying agentic AI that burns through tokens far more rapidly. Companies have even been incentivizing employees to burn tokens. This is all going to even out in the coming years.