Companies Are Scrambling to Stop Spending So Much on AI
404media.coNever has so much been spent chasing a market that is still debatable.
The final cost remains to be seen but based on the development spending, it's safe to say it won't be cheap. And any AI results aren't totally reliable either.
China's plan is obviously to undercut whatever the West has to offer and they are already showing signs of success. Cheap renewable energy offers an obvious advantage that the USA has stupidly rejected.
https://www.ndtvprofit.com/technology/deepseek-to-minimax-ch...
https://theaiinsider.tech/2026/06/03/uber-caps-ai-spending-a...
https://www.404media.co/the-tokenpocalypse-is-here-companies...
Discussions:
Companies rein in AI usage as costs strain budgets
https://news.ycombinator.com/item?id=48602571
AI's Affordability Crisis