Five frameworks for understanding the economics, sovereignty, and governance of enterprise AI agent deployments. Developed by Tony Wenzel, Co-Founder & CEO of Excipio, and published in The Enterprise Token Economy on Substack.
The cost enterprises pay when AI agents re-process answers they already have, billing at full frontier rates for queries already resolved.
Read the full definition →The institutional intelligence enterprises transmit to external LLM providers on every agent query that exits the perimeter.
Read the full definition →The ratio of necessary spend to total spend in an enterprise AI agent deployment. Necessary spend divided by total spend.
Read the full definition →The strategic property of an enterprise controlling where its institutional intelligence compounds. Named by Satya Nadella at Davos, January 2026.
Read the full definition →The principle that AI compliance constraints should be enforced at the infrastructure layer, not through policy documents or contractual promises.
Read the full definition →