AI cost crisis hits tech giants as employee 'tokenmaxxing' backfires, sparking corporate pullback at Microsoft, Meta, and Amazon — agentic AI eats up to 1000x more tokens than standard AI
… For example, OpenClaw creator Peter Steinberger claimed that his team spent more than $1.3 million in token costs in just a single month. Because of this, it’s now apparent that using AI is more expensive than hiring people , especially since it offers only limited productivity gains at the moment. …