Token demand to surge 24-fold! Goldman Sachs: The Age of Agents Has Arrived, Set to Trigger a Profit Margin Inflection Point for Enterprise AI Goldman Sachs’ latest research indicates that the AI industry is transitioning from the era of “chatbots” to the “agent” era, where the key driver is not only demand growth but also a potential inflection point in profit margins across the entire AI supply chain. The study forecasts that global token consumption will increase 24-fold by 2030 compared to 2026, reaching approximately 120 quadrillion tokens per month—driven primarily by enterprise agents. During the same period, daily global AI queries are projected to rise from about 5 billion in 2025 to 23 billion, with an estimated 30% of work tasks automatable by agents. Goldman Sachs believes the true catalyst for explosive token growth is always-on agents: unlike “question-answer” chatbot interactions, agents continuously monitor environments, repeatedly parse context, invoke tools, and perform multi-round validations—resulting in orders-of-magnitude higher consumption. In terms of investment focus, Goldman emphasizes the enterprise market as more critical: agents in high-complexity use cases such as software development, legal research, and supply chain management demand higher token density and greater computational inference—and may increasingly evolve toward machine-to-machine interactions. However, Goldman also warns of risks: potential homogenization of models triggering新一轮 price wars, governance and security challenges arising from agent autonomy, and efficiency risks due to insufficient enterprise data quality. #AI #Agent #Token #GoldmanSachs #EnterpriseAI #CloudServices #Hyperscalers #SaaS