Nobody knows how much they are spending on AI

AI spend is growing 13x year over year, and almost nobody can say what they're actually getting for it. Uber blew through its AI budget in four months. Meta employees built a leaderboard to see who could burn the most tokens. What is actually going on, and why does nobody seem to know what to do about their AI budgets? 00:00 Intro 01:40 How can a company not know? 02:26 History of paying for compute 04:30 Where AI diverges 05:21 Incentives 06:23 Paying for tokens 08:02 No guardrails 10:20 What is this producing 12:20 What now? ----- Subscribe to our newsletter here: https://ramp.com/leading-indicators ----- Special thanks to: Ara Kharazian— Economics Lead, Ramp Jaya Gupta, author of "Token Budget Wars" Siddhi Surana — Product Manager, Ramp ----- https://platform.openai.com/tokenizer https://x.com/jayagup10/status/205978...    • Uber’s swerve on gas prices, hotels & a dr...   https://www.wsj.com/cio-journal/why-s... ----- Writer, Director, Editor, Producer: Michael Pasternock Music from Epidemic Sound #AI #Tokenmaxxing #Ramp