Tech Giants Slam the Brakes on AI Spending as Tokenmaxxing Drains Budgets Without Results
Major companies including Uber, Amazon, and Microsoft are pulling back from widespread AI use as costs spiral out of control. After Uber exhausted its entire 2026 Claude Code budget by April, executives admit they can't draw a clear line between rising token consumption and useful consumer features. Amazon shut down its internal AI leaderboard after employees engaged in tokenmaxxing, while one unidentified company reportedly burned through $500 million in a single month after failing to set usage limits.