How Much Is an AI Token Worth? Scaling Laws for Wild AI-Generated Web Text
Web text makes up the majority of pretraining data and is increasingly AI-generated. After applying FineWeb quality filtering, we find that 27.5% of tokens from June 2026 web data are labeled as AI-generated by Pangram, rising to 31.1% by August. Unlike synthetic data or model-collapse setups, this *wild* AI text comes...