Big companies have an expensive new addiction to AI, and their smack is getting more expensive.
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Big companies have an expensive new addiction to AI, and their smack is getting more expensive. Who could have seen this coming? From the WSJ:
"Use of artificial intelligence by big companies is exploding—and the soaring cost has some of them pumping the brakes in a way that could complicate AI’s triumphal march across the economy.
Executives across industries this year have urged employees to integrate AI tools into their work, spending freely to encourage experimentation and seeking to send a message to Wall Street that their companies won’t be left behind in a coming wave of disruption.""All that enthusiasm has resulted in skyrocketing costs for so-called tokens, the basic unit of measurement for AI computing, as AI model providers seek to balance supply and demand and manage their own costs. Some enterprises have hit their annual budget in just three months or reported seeing their AI spending bills double or triple."
"Now corporate leaders are scrambling to bring down expenses by finding ways to ration AI use in their organizations, steer workers toward cheaper, homegrown tools and help them hone their skills to improve returns."https://www.wsj.com/tech/ai/corporate-america-is-starting-to-ration-ai-as-cost-skyrockets-1eb99d7a (paywall)
Amazing that they had the budget to explode when it comes to AI and yet none for that 0.75% pay rise that they promised 5 years ago.
Look at them. Bastards as far as the eye can see.
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@elmuerte @briankrebs Enough wealth can sheild one from a lot of scrutiny.
@tantramar @briankrebs I doubt any of them love their regular fealty sessions; or their days in court or oversee committees.
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@tantramar @briankrebs I doubt any of them love their regular fealty sessions; or their days in court or oversee committees.
@elmuerte @briankrebs Here’s hoping!
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M mttaggart@infosec.exchange shared this topic
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Big companies have an expensive new addiction to AI, and their smack is getting more expensive. Who could have seen this coming? From the WSJ:
"Use of artificial intelligence by big companies is exploding—and the soaring cost has some of them pumping the brakes in a way that could complicate AI’s triumphal march across the economy.
Executives across industries this year have urged employees to integrate AI tools into their work, spending freely to encourage experimentation and seeking to send a message to Wall Street that their companies won’t be left behind in a coming wave of disruption.""All that enthusiasm has resulted in skyrocketing costs for so-called tokens, the basic unit of measurement for AI computing, as AI model providers seek to balance supply and demand and manage their own costs. Some enterprises have hit their annual budget in just three months or reported seeing their AI spending bills double or triple."
"Now corporate leaders are scrambling to bring down expenses by finding ways to ration AI use in their organizations, steer workers toward cheaper, homegrown tools and help them hone their skills to improve returns."https://www.wsj.com/tech/ai/corporate-america-is-starting-to-ration-ai-as-cost-skyrockets-1eb99d7a (paywall)
Companies used to capturing and enshittifying others when another company does the same thing to them:
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Big companies have an expensive new addiction to AI, and their smack is getting more expensive. Who could have seen this coming? From the WSJ:
"Use of artificial intelligence by big companies is exploding—and the soaring cost has some of them pumping the brakes in a way that could complicate AI’s triumphal march across the economy.
Executives across industries this year have urged employees to integrate AI tools into their work, spending freely to encourage experimentation and seeking to send a message to Wall Street that their companies won’t be left behind in a coming wave of disruption.""All that enthusiasm has resulted in skyrocketing costs for so-called tokens, the basic unit of measurement for AI computing, as AI model providers seek to balance supply and demand and manage their own costs. Some enterprises have hit their annual budget in just three months or reported seeing their AI spending bills double or triple."
"Now corporate leaders are scrambling to bring down expenses by finding ways to ration AI use in their organizations, steer workers toward cheaper, homegrown tools and help them hone their skills to improve returns."https://www.wsj.com/tech/ai/corporate-america-is-starting-to-ration-ai-as-cost-skyrockets-1eb99d7a (paywall)
I have a vague idea who actually needs to "hone their skills to improve returns".
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Big companies have an expensive new addiction to AI, and their smack is getting more expensive. Who could have seen this coming? From the WSJ:
"Use of artificial intelligence by big companies is exploding—and the soaring cost has some of them pumping the brakes in a way that could complicate AI’s triumphal march across the economy.
Executives across industries this year have urged employees to integrate AI tools into their work, spending freely to encourage experimentation and seeking to send a message to Wall Street that their companies won’t be left behind in a coming wave of disruption.""All that enthusiasm has resulted in skyrocketing costs for so-called tokens, the basic unit of measurement for AI computing, as AI model providers seek to balance supply and demand and manage their own costs. Some enterprises have hit their annual budget in just three months or reported seeing their AI spending bills double or triple."
"Now corporate leaders are scrambling to bring down expenses by finding ways to ration AI use in their organizations, steer workers toward cheaper, homegrown tools and help them hone their skills to improve returns."https://www.wsj.com/tech/ai/corporate-america-is-starting-to-ration-ai-as-cost-skyrockets-1eb99d7a (paywall)
@briankrebs I like this bit, it’s all about the “vibes” when it comes to those pesky returns
Anthropic spokeswoman: “We’re working with customers to give them the tools to make sure the return is something they can see, not just feel.”
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Big companies have an expensive new addiction to AI, and their smack is getting more expensive. Who could have seen this coming? From the WSJ:
"Use of artificial intelligence by big companies is exploding—and the soaring cost has some of them pumping the brakes in a way that could complicate AI’s triumphal march across the economy.
Executives across industries this year have urged employees to integrate AI tools into their work, spending freely to encourage experimentation and seeking to send a message to Wall Street that their companies won’t be left behind in a coming wave of disruption.""All that enthusiasm has resulted in skyrocketing costs for so-called tokens, the basic unit of measurement for AI computing, as AI model providers seek to balance supply and demand and manage their own costs. Some enterprises have hit their annual budget in just three months or reported seeing their AI spending bills double or triple."
"Now corporate leaders are scrambling to bring down expenses by finding ways to ration AI use in their organizations, steer workers toward cheaper, homegrown tools and help them hone their skills to improve returns."https://www.wsj.com/tech/ai/corporate-america-is-starting-to-ration-ai-as-cost-skyrockets-1eb99d7a (paywall)
@briankrebs Yes
I have a friend who worked for a big company. The employees were required to use AI. A bunch of them got fired - by email - a couple weeks ago. If your big company insists you use AI, start looking for a new job, because you're training your replacement. -
Big companies have an expensive new addiction to AI, and their smack is getting more expensive. Who could have seen this coming? From the WSJ:
"Use of artificial intelligence by big companies is exploding—and the soaring cost has some of them pumping the brakes in a way that could complicate AI’s triumphal march across the economy.
Executives across industries this year have urged employees to integrate AI tools into their work, spending freely to encourage experimentation and seeking to send a message to Wall Street that their companies won’t be left behind in a coming wave of disruption.""All that enthusiasm has resulted in skyrocketing costs for so-called tokens, the basic unit of measurement for AI computing, as AI model providers seek to balance supply and demand and manage their own costs. Some enterprises have hit their annual budget in just three months or reported seeing their AI spending bills double or triple."
"Now corporate leaders are scrambling to bring down expenses by finding ways to ration AI use in their organizations, steer workers toward cheaper, homegrown tools and help them hone their skills to improve returns."https://www.wsj.com/tech/ai/corporate-america-is-starting-to-ration-ai-as-cost-skyrockets-1eb99d7a (paywall)
let they who have never had that discussion with the CFO on "how to get our cloud spend down" throw the first stone.
"go to the cloud, they said! way cheaper than bare metal, they said!"
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Big companies have an expensive new addiction to AI, and their smack is getting more expensive. Who could have seen this coming? From the WSJ:
"Use of artificial intelligence by big companies is exploding—and the soaring cost has some of them pumping the brakes in a way that could complicate AI’s triumphal march across the economy.
Executives across industries this year have urged employees to integrate AI tools into their work, spending freely to encourage experimentation and seeking to send a message to Wall Street that their companies won’t be left behind in a coming wave of disruption.""All that enthusiasm has resulted in skyrocketing costs for so-called tokens, the basic unit of measurement for AI computing, as AI model providers seek to balance supply and demand and manage their own costs. Some enterprises have hit their annual budget in just three months or reported seeing their AI spending bills double or triple."
"Now corporate leaders are scrambling to bring down expenses by finding ways to ration AI use in their organizations, steer workers toward cheaper, homegrown tools and help them hone their skills to improve returns."https://www.wsj.com/tech/ai/corporate-america-is-starting-to-ration-ai-as-cost-skyrockets-1eb99d7a (paywall)
@briankrebs Ah, this trend cannot come too soon.
