Shutterstock, Prudential Financial share AI cost strategies
CIOs are grappling with rising AI costs as token usage eats up budgets.
Costs often center around the usage of tokens, the manageable fragments of data that AI models process and how AI model providers price inputs and outputs, said J.R. Storment, executive director of the FinOps Foundation, speaking during the keynote address at the FinOps X 2026 conference Tuesday.
Many companies have shared stories about already being three times over their token budgets, just shy of midway through 2026, Storment said. In April, Uber CTO Praveen Neppalli Naga told The Information how employee use of Anthropic’s Claude Code maxed out his AI budget four months into the year. The rideshare company in June capped employee use of AI tools to reduce costs.
Newer models and the rise of agentic AI have contributed to greater token usage and, as a result, higher costs, Storment said. Global token usage is expected...
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