What Are Companies Getting for All That A.I. Spending?
Corporate America was enthusiastic about artificial intelligence. Until it got the bill.
TL;DR
- Corporate America's enthusiasm for AI is tempered by the high costs of "tokens," the units of computing power for AI.
- Companies experienced a shift from "tokenmaxxing" (encouraging extensive AI use) to "tokenminning" (rapidly depleting budgets).
- There is uncertainty regarding AI's practical applications, how to measure its value, its pricing, and its future cost trajectory.
- The field of "tokenomics" is developing to study the economics of AI purchasing and value generation.
- The implications of AI are potentially profound, but its costs and benefits are harder to assess than previous technological advancements.