Goldman, JPMorgan and Cisco Put Budgets and Guardrails on Staff AI Use
JPMorgan capped Claude Code at $2,000 a month for some engineers as Goldman Sachs, Cisco and Rippling shift from open AI adoption to budgets, caps and gated access.
Topic
AI Spending
Topic
AI Spending
Nvidia's Real Risk Isn't Jensen Huang's Scandal — It's the AI Trade
Nvidia lost $350 billion in market cap Monday after Jensen Huang's affair became public. Yale's Gautam Mukunda says the real risk…
AI Spending Flatlines as Anthropic Nears Its IPO
Ramp data shows token spend grew just 1.5% in August-September as OpenAI and Anthropic price cuts squeeze revenue, denting valuat…
Apple Cuts Engineer AI Budgets From $300 to $200 a Day
Apple cut engineer AI budgets from $300 to $200 a day and may go lower, Bloomberg reports, as staff fear the squeeze signals deep…
Anthropic’s IPO Looms as Tech Tumbles 4% or More on AI Costs
Anthropic may pursue an IPO before Thanksgiving as tech stocks fell at least 4%, investors focused on AI costs and Apple gained m…
Enterprise AI Spending Hits $177B, Up 5.4x in One Year
Menlo Ventures' fourth annual State of Enterprise AI report shows spending at $176.8 billion, agents generating 80% of tokens on…
Larridin Raises $30 Million to Audit Corporate AI Spend
Larridin raised $30 million led by Pelion Ventures to measure corporate AI ROI, as AI bills became a top-five expense and custome…
Apple Reports Q4 Earnings Today With $113.46 Billion on the Line
Apple, the first $5 trillion company, reports Q4 after the bell. Wall Street expects $113.46 billion in revenue and $2.00 EPS aga…
Intel Plunges 28% as AI Spending Nears $1tn and Investors Balk
Intel lost over $130bn in value as shares fell 28%, Alphabet shed $500bn-plus, and five tech giants have committed $800bn to AI s…
Big Tech Lost $900 Billion as AI Moats Face a Stress Test
Big Tech lost nearly $900 billion as investors questioned AI returns, weaker search economics and stretched software credits, whi…
Nasdaq Futures Sink 2.3% as Amazon, Intel and Alphabet Rattle Markets
Nasdaq futures dropped 2.3% as Intel slumped 25%, Alphabet suffered its worst day in 20 years, and Bitcoin fell after a $6.36 bil…