AI Ledger Hepburn Advisory Hepburn Advisory

Timeline

AI market capital, revenue, compute and usage, quarter by quarter from Q1 2024. Drag the slider or press Play to move through the quarters.
Q1 2024
Total Tokens/Day
Total Revenue
Top Provider
Token Price

Provider ARR ($B, run-rate × 4)

Token Volume (T/day)

Blended Token Price ($/1M tokens, 70% input + 30% output, most-used model)

Audited fiscal-year revenue (where disclosed)

Year-keyed collected revenue from filings, court records, and CEO disclosures. Distinct from the ARR shown on the dashboard tile and the chart above — see Methodology. Sorted by year (newest first), then by value.

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Methodology caveat

Projections are directional arithmetic, not forecasts. Benchmarks are dated and sourced. Each quarter defaults to the figures published on the Ledger page for that layer; every assumption is editable. Where a number appears on a Ledger page, that page is the canonical source. Full method on the Methodology page.