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How long will AI tokenomics matter?

The Waters Wrap: Banks and asset managers are rethinking the economics of AI. Wei-Shen examines how firms will manage token costs.

By David Little
Credit: David Little

This year, we’ve seen the capital markets shift the dominant talking point from generative AI to agentic AI. In January, WatersTechnology editor-in-chief Anthony Malakian wrote about how 2026 will be the year agent armies awaken, and boy, are they awake.

In February, Bloomberg launched ASKB, the Terminal’s conversational AI interface that leverages agentic workflows to assist users in research.

The following month, T. Rowe Price’s former global head of data governance and market data services, Jay

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Agents are invading. Will it stick?

The Waters Wrap: Agentic features are becoming commonplace in the workflow tools of capital markets. Nyela wonders if the trend is sustainable.

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