tech
Jamie Dimon says businesses are already getting smarter about AI spending
Dimon said that the bank considers the value AI adds and negotiates with vendors "all the time."
TL;DR
- JPMorgan CEO Jamie Dimon advises companies to be rational about AI costs and focus on return on investment.
- Businesses are already optimizing AI spending by sending queries to the cheapest options ('modelmaxxing').
- Companies are protective of their data and intellectual property when using AI.
- The trend is moving away from wasteful 'tokenmaxxing,' where excessive AI tools are used without clear value.
- Other CEOs, like Palantir's Alex Karp and Cerebras Systems' Andrew Feldman, also criticize excessive AI spending.