Reserved Capacity for Tokens: The Reserved-Instance Decision Nobody Ported From the Cloud Era
Most teams buy inference the way their predecessors bought EC2 in 2010: everything on-demand, metered to the token, and surprising on two axes at once. The bill is one surprise. The rate limit is the other — the 429 that shows up in the middle of a launch, right when the on-demand pool you never reserved gets contended by everyone else who also chose to pay retail. Then someone opens the pricing page and discovers that the provider has been quietly selling reserved capacity the whole time: provisioned throughput, committed-use discounts, dollars-per-unit-per-hour instead of dollars-per-million-tokens. The reserved-instance decision that took the cloud industry a decade to internalize is sitting right there for tokens, and almost nobody has ported the playbook.
The reason isn't ignorance. It's that the reserved-instance math you learned for compute doesn't transfer cleanly, and the ways it breaks are exactly the ways that punish a naive commitment. A reserved EC2 instance is a bet that you'll still want that instance type in a year. A reserved block of token throughput is a bet that you'll still want that model in a year — and models have a shelf life measured in months, not decades. The commitment structure is familiar. The thing you're committing to is not.
