Silicon Valley is spending billions on AI tokens and nobody can agree if it's working

Uber's COO says it's getting harder to justify the money spent on AI tokenmaxxing

Uber's COO says higher AI token consumption hasn't translated into more consumer features, after the CTO exhausted the company's 2026 Claude Code budget. Uber is slowing hiring to offset AI costs — a warning that tokenmaxxing ROI will face harder board-level scrutiny.