Concerns that surging AI costs aren’t being matched by a rise in revenue are growing among big businesses, even as tech stock valuations continue to surge.

Microsoft cancels Claude Code licenses, Uber burns through its AI budget in four months, and one client spent $500M in a month. Corporate AI rationing is here.

Uber COO Andrew Macdonald gave voice to the growing concerns that, despite spending big on AI, companies aren't seeing meaningful returns.

Executives are scrambling to track returns on AI investments as the bill for massive computing needs comes due. | Technology News

All this artificial intelligence spending was showing no noticeable increase in productivity, Uber’s chief operating officer says.

Using artificial intelligence is slowly getting expensive and more companies are beginning to question their embrace of the disruptive technology....

Concerns that surging AI costs aren’t being matched by a rise in revenue are growing among big businesses, even as tech stock valuations continue to surge.

Surging artificial intelligence costs are creating sticker shock among Australian executives. But the solution might be healthy for the AI sector in the long term.

Tens of billions is being pumped into investment in AI by some of the world's biggest tech firms, with Google's owner the latest to ramp-up spending