AMD CIO Hasmukh Ranjan just ‘raised’ $900 million AI spending bill that many CEOs laying off employees for AI are missing

AMD CIO Hasmukh Ranjan has flagged a hidden AI cost most CEOs are ignoring: employee token usage that could run up a $900 million annual bill. As companies lay off staff citing AI, the technology meant to replace workers is racking up huge expenses of its own. After a year of pushing “tokenmaxxing,” firms like Meta, Uber and Microsoft are now scrambling to cap AI spending.

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