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Companies Are Scrambling to Stop Spending So Much on AI
- jqpabc123 4mo agoNever 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-china-takes-the-crown-in-global-ai-usage-over-price-margins-leaves-us-rivals-behind-11662463 https://www.ndtvprofit.com/technology/deepseek-to-minimax-ch... https://theaiinsider.tech/2026/06/03/uber-caps-ai-spending-after-burning-through-annual-budget-in-four-months/ https://theaiinsider.tech/2026/06/03/uber-caps-ai-spending-a... https://www.404media.co/the-tokenpocalypse-is-here-companies-are-scrambling-to-stop-spending-so-much-on-ai/ https://www.404media.co/the-tokenpocalypse-is-here-companies...
- ChrisArchitect 4mo agoDiscussions: Companies rein in AI usage as costs strain budgets https://news.ycombinator.com/item?id=48602571 https://news.ycombinator.com/item?id=48602571 AI's Affordability Crisis https://news.ycombinator.com/item?id=48646276 https://news.ycombinator.com/item?id=48646276