NEA’s Tiffany Luck says enterprises are still figuring out their AI ROI

Why this matters: a development in AI with implications for how people work, create, and decide.

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