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The Missing Meter

What every infrastructure buildout leaves behind, and the unit AI still lacks

Author
Affiliation
The Ashby Institute
Published
Latest revision
Version
v1.0
Canonical URL

Abstract

AI is the first trillion-dollar infrastructure buildout that cannot yet state, in a standard unit, what its output costs. This paper proposes the served token as a unit of account for AI inference, conditioned on a stated service-level objective and quality floor.

Access

The paper page contains the full article, figures, appendix, and prediction scoreboard. The final PDF is a permanent direct download.

Citation

Sidney Scott. “The Missing Meter: What every infrastructure buildout leaves behind, and the unit AI still lacks.” v1.0, October 1, 2026. https://themissingmeter.org/publications/the-missing-meter/