Some companies are cutting back on AI spending, citing mixed results and sizable bills. That’s fueling some concerns about the broader tech industry and its role in U.S. economic growth.
A growing number of companies say they are re-examining their employees’ AI application budgets over questions about return on investment.
Uber has instituted new spending limits on employee use of some artificial intelligence tools, saying it wants to ensure its AI investments are paying off.
Walmart has likewise begun capping its employees’ usage of its internal AI agent, Code Puppy, citing a desire to use the technology “in ways that create value” and reduce how many AI tokens — the currency of AI computing power — which can cost hundreds of thousands of dollars per month, are spent on repetitive or basic tasks.
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