NEA’s Tiffany Luck on AI IPOs, personal agents, and the ROI reckoning

# Companies Are Learning That AI Enthusiasm Has Real Costs Companies spent the first half of 2024 going all-in on AI tools, encouraging employees to use them everywhere possible—but many are now discovering they can't afford the bill. When services like Claude and other AI platforms charge based on usage, companies like Uber burned through entire annual budgets in just a few months, forcing some organizations to drastically cut back on who can access these tools. The lesson: AI can deliver real value, but it requires actual budgeting and planning rather than just turning it loose and hoping for the best.
Tokenmaxxing was the hottest trend in Silicon Valley earlier this year, with CEOs encouraging employees to push AI usage as far as it would go. Then the bill came due. Uber reportedly blew through its annual AI budget in a few months, some companies cut Claude licenses for parts of their org, and Me
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