Following a report from Bloomberg on Uber, TechCrunch has a post about companies putting a cap on AI spending:

AI is getting expensive, and some companies are cutting back on usage in an attempt to moderate costs. That cohort includes Uber, which recently instituted internal usage caps as a way to cut down on its exorbitant AI spend.

I’m sure this is happening all over. That’s why I commented in my post yesterday that Anthropic’s revenue is not stable. It’s hard to cancel a subscription you value. It’s much easier to cut back on tokens.

@manton That’s it. This bubble is finally going to burst. Or not. But at some point, it will.

@manton Curious what replaces AI leaderboard culture. We’ll likely start seeing action by end of month driven by the Github Copilot pricing change.