Business Insider
29 May 2026, 08:27 UTC · 11h ago
Source · https://www.businessinsider.com/ai-spending-roi-concerns-tokenmaxxing-uber-coo-andrew-macdonald-reaction-2026-5
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Corporate executives, including Uber's COO, report that AI spending is rising without producing proportional productivity gains or revenue. — Direct evidence of a lack of ROI for AI investments could trigger a broad valuation correction for AI-related stocks and reduce enterprise spending.
-0.80OpenAI CEO Sam Altman acknowledges that companies are concerned about rising costs and the current lack of clear productivity gains. — Admission from a primary AI provider that customers are feeling cost pressure suggests a potential ceiling on pricing power or a slowdown in adoption.
-0.50Uber CTO Praveen Neppalli Naga revealed the company exhausted its annual Claude Code budget by April. — Indicates an unsustainable burn rate for AI tools that may lead to tighter budgetary controls across the tech sector.
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Analysts suggest a bifurcation where hyper-efficient companies will continue aggressive AI spending while traditional, less efficient firms become skeptical. — Suggests a fragmented market where only a few 'winners' benefit, potentially limiting the total addressable market for AI vendors.
-0.20Ticker attribution
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The COO stated the company has yet to see direct productivity improvements in line with its rising AI spending.
The CEO noted that corporate customers are increasingly concerned about rising AI costs and a lack of clear revenue gains.
Mentioned only in the context of teaming up with Google on an AI company without specific sentiment.
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