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

Short summary

The enterprise AI market is cooling after aggressive "tokenmaxxing" spending failed to deliver proportional ROI. Real examples: Uber exhausted annual AI budget in months, organizations are cutting Claude licenses, and Meta killed its internal leaderboard. Market momentum is shifting toward disciplined, ROI-driven AI adoption strategies.

• •Excessive AI spending ("tokenmaxxing") is yielding disappointing ROI for enterprises
• •Concrete pullbacks: Uber spent annual budget in months; companies cutting Claude licenses; Meta shut leaderboard
• •Market shifting from experimental AI spending to ROI-focused strategies

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