AMD CIO raises a $900 million AI spending point many CEOs cutting jobs 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.

By TOI TECH DESK