Uber President and COO Andrew Macdonald said on the '20VC' podcast that he is 'tempted to say' Uber will have fewer employees in five years due to AI, but he won't emphatically state it because early …
Uber Chief Operating Officer Andrew Macdonald said on the 20VC podcast that the company's scale—nearly $250 billion in annualized gross bookings—makes it harder to justify new business bets, as the co…
Anthropic launched Claude Opus 5, a model it says approaches the frontier intelligence of Claude Fable 5 at half the price, designed for everyday use with improved efficiency and safety. The company i…
Instagram CEO Adam Mosseri said the company has reduced AI costs by shutting down unnecessary projects, calling it easy to avoid burning tokens on 'silly things.' He noted that AI token spending is no…
Uber's CTO Praveen Neppalli Naga embedded 30 top AI engineers in HR, finance, and legal teams over two weeks to create AI agents that automate manual tasks, reducing financial pacing reports from two …
Gartner predicts that by 2028, AI coding costs will exceed the average global developer salary of around $2,000 per month due to rising token consumption and consumption-based billing. The research fi…
Uber's COO Andrew Macdonald revealed the company exhausted its 2026 AI coding budget in four months, unable to link rising Claude Code token usage to shipped features. The disconnect between token con…
Apollo chief economist Torsten Slok warns that falling token prices are driving companies to spend even more on AI, citing Jevons paradox. Despite a 90% drop in token costs since 2023, aggregate AI sp…
Charles Holive, chief AI officer at BNP Paribas CIB, told Business Insider he prioritizes dollar-value and productivity outcomes over raw token consumption, rejecting what he called "vanity metrics." …
BNP Paribas CIB Chief AI Officer Charles Holive said tokenmaxxing, the practice of maximizing AI token consumption as a productivity metric, is a "vanity metric" that should not be the primary focus f…
Major tech firms and AI labs are pulling back on internal AI usage after rapid adoption drove unexpected cost spikes, with Uber burning through its entire 2026 AI coding-tools budget in four months, a…
Uber is laying off nearly a quarter of its People and Places staff, which includes human resources and recruitment teams, affecting less than 1% of its global workforce of 34,000 employees. The compan…
Mercor CEO Brendan Foody said his startup now spends more on AI tokens for internal agents than on employee salaries, marking a shift in corporate spending priorities. The $10 billion company, which h…
A senior executive at a major public tech company told the author that nearly all of her 1,000 engineers use Claude Code, yet individual productivity gains are not translating into proportional organi…
Uber burned through its entire 2026 AI coding budget in four months, with COO Andrew Macdonald unable to link the spending to tangible user features, as AI leaders Dario Amodei and Sam Altman backtrac…
CIOs are growing concerned that their AI budgets are maxing out without clear returns, as Uber COO Andrew Macdonald said the company has yet to see direct productivity gains from its spending. OpenAI …
Uber COO Andrew Macdonald said he has not observed direct productivity improvements from increased AI token usage, sparking a backlash against "tokenmaxxing" — the practice of maximizing AI token cons…
Uber president and COO Andrew Macdonald said the company cannot draw a direct link between its rising use of AI coding tools and consumer-facing innovations, after the rideshare giant burned through i…
Uber operations chief Andrew Macdonald said the company is struggling to justify spending on AI "tokenmaxxing," as increased token usage has not led to a proportional rise in useful consumer features.…
Microsoft is cancelling most direct licences for Anthropic's Claude Code within its Experiences and Devices division and ordering engineers to migrate to GitHub Copilot CLI by June 30, 2026, according…