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

Short summary

Venture investor Tiffany Luck discusses the AI spending correction now underway in tech companies. After an initial 'tokenmaxxing' boom where organizations aggressively pushed AI usage, economic reality is forcing correction: Uber burned through annual budgets in months, Meta halted experiments, and firms are cutting Claude licenses. Luck's perspective highlights the shift from unbridled enthusiasm to disciplined ROI management in enterprise AI adoption.

• •Companies are correcting AI spending after initial 'tokenmaxxing' trends exhausted budgets
• •Specific examples: Uber depleted annual AI budget in months, Meta killed internal leaderboards
• •ROI discipline is replacing early enthusiasm in enterprise AI adoption decisions

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