Mumbai/IBNS, May 29 -- Big tech companies embracing Artificial Intelligence for faster productivity are now facing mounting operational costs, forcing them to rethink their AI spending strategies, media reports said.

What Is 'Tokenmaxxing'?

The growing concern is linked to a term increasingly used in AI circles - "tokenmaxxing".

However, excessive prompting and overuse of AI tools by employees have reportedly led to soaring AI-related expenses for several technology firms.

As companies expand the use of generative AI across departments, uncontrolled usage is significantly increasing computing and API costs.

Companies Begin Tightening AI Budgets

The rising expenditure has prompted major firms to introduce stricter AI budgeting and in...