Palo Alto Networks CEO Says Token Costs Slow Enterprise AI Adoption

For enterprises to adopt artificial intelligence on a large scale, token costs need to drop, Palo Alto Networks CEO Nikesh Arora said Thursday (July 9). Speaking on CNBC’s “Squawk on the Street,” Arora said the cost needs to drop 20% over the next 12 months and 90% by the following year, CNBC reported Thursday. Asked about OpenAI CEO Sam Altman’ s comments to CNBC that OpenAI’s latest model is 54% more efficient for coding, Arora said, “I think 54% is a good start.