How banks are looking to tame their growing AI bills
• Financial institutions are facing rising operational costs as tech companies shift their pricing models for AI services, leading banks to seek ways to reduce "token" expenditures. • While AI was initially expected to drive significant cost savings, the increasing expense of implementing and scaling these tools is causing lenders to balk at current pricing. • To rein in spending, banks are exploring more frugal strategies for AI consumption and evaluating how to optimize their use of large language models.
americanbanker.com