Why "Tokens Aren't Fungible" - Anthropic's Angela Jiang

Why "Tokens Aren't Fungible" - Anthropic's Angela Jiang

Anthropic's Angela Jiang breaks down the abstraction stack behind Claude: knowledge (answering questions), execution (doing real work via Claude Managed Agents), and coordination — "strategies," a meta-harness where tokens get different jobs. Some advise, some execute, some dream. And the roadmap only moves up the stack.