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Featured Stories:
Artificial intelligence: Why firms are struggling to set prices
AI firms offer free AI tools like ChatGPT but invest heavily in development, pushing paid versions with advanced features. Pricing AI services is challenging due to unpredictable token usage—costs per token have dropped, but consumption has surged. Companies struggle to manage expenses as AI agents increase token burn, leading to budget overruns. Businesses ...
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AI push is putting banks at mercy of tech firms, warns Moody’s
Moody’s warns that banks’ AI adoption risks over-reliance on a few tech firms, exposing them to outages, price hikes, and cyber threats. While AI could cut costs and boost revenues, intense competition may erode benefits. Regulators may scrutinize third-party dependencies, and vendor dominance could drive up AI service prices. Banks are investing heavily, li...
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