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AI News from ET - AI costs spiral as firms lose spending control

Vishwadeep Khatri
in AI News & Two Lenses

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Companies are facing massive AI bills, with one firm reportedly spending $500 million in a month on Claude AI due to unchecked usage. Several global firms are now cutting back on AI spending, changing pricing, or rehiring engineers to manage ballooning costs, as AI currently costs more than it saves.

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