Inside the unpredictable AI costs hitting corporate budgets (opens original article in a new tab)

Australian companies are re-evaluating AI budgets by focusing on business impact rather than token consumption, emphasizing efficient data retrieval to manage costs and improve AI effectiveness.

• Australian organisations are shifting focus from AI token consumption to measuring AI impact and output
• Optimising AI usage requires refined data retrieval to reduce token costs and improve efficiency
• AI cost management involves building a robust data foundation for effective LLM performance
• CFOs are scrutinising AI spending as it affects broader IT budget decisions