How long tokens can be sold below what they cost to make, which for the heaviest users they are, for as long as equity is cheap enough to fund the difference. It is the third clock inside the forward bet on revenue, after the lenders’ and the revenue’s. Chapter 11.
From The AI Compute Race. Read the book
The book uses this term in a sense of its own.
Where the book uses it
- Chapter 11 — What the Machine Has to Earn
The revenue the buildout needs against the revenue it has, on whose clock the gap must close, and the two ceilings on what AI can earn.
Related terms
From the glossary of The AI Compute Race.
How to cite this page
Dryburgh, Lee S. “Subsidy clock.” In The AI Compute Race. DRYBURGH. https://dryburgh.com/vol1/glossary/subsidy-clock (accessed 2026-11-01).
BibTeX
@misc{dryburgh-subsidy-clock-2026,
author = {Dryburgh, Lee S.},
title = {{Subsidy clock}},
howpublished = {In \emph{The AI Compute Race}, DRYBURGH},
year = {2026},
url = {https://dryburgh.com/vol1/glossary/subsidy-clock},
note = {Accessed 2026-11-01}
}