Odd Lots · Thursday, July 9, 2026
Man Group has seen an 86-fold increase in token consumption since January, driven by widespread adoption of AI tools across various departments, including finance and operations. This surge in usage, primarily by AI agents executing workflows rather than individual employees, highlights the rapid integration of AI into the firm's operations.
“So since January, I think token consumption has gone up eighty six times.”
“So it's really really quite quite incredible. We were not expecting usage to be the way there has been, and it's been across the board where it's not just been in the tech and tech adjacent departments. We have seen people in finance, people in operations, people in the people team using agentic coding workflows, and as a technologist, that's just super exciting to give this new capability, this new power to people who haven't been able to use it before.”
“So the other interesting things in the token budgeting process. I suppose is that what we're increasingly seeing is that the spend is actually not by people, is by agents, and the agents relate to workflows, and who owns the workflows?”