Tokenomics - "It was never about tokenmaxxing," insists Snowflake CEO Sridhar Ramaswamy
Software has gotten significantly cheaper. But what has not gotten cheaper is what matters to your business.
A pragmatic observation from Sridhar Ramaswamy, CEO of Snowflake, and one that seems pertinent to re-visit as the aftermath of widespread tokenomics shock continues to be seen within enterprises across all business sectors.
The days of so-called tokenmaxxing might now be behind us, generally regarded as a bad thing rather than the jolly game it was only a few months ago, but Ramaswamy acknowledges that are cost pressures on all organizations and he can empathize:
Obviously there are strategic things like, ‘Hey don’t spend too much on AI!’. That’s a problem that we deal with like everybody else. The fact that we can spread our traffic across models both from OpenAI and from Anthropic and we also use open source models, these are the things that our customers want.
Helping customers to deal...
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