‘We created a monster’: companies rein in AI usage as costs strain budgets
Companies that raced to put AI tools in the hands of their workers are starting to rein in their use, as the cost of deploying the technology at scale
AISolver
June 19, 2026
Corporate
South Korea announces more than $1 trillion AI, chip investment drive
South Korea has laid out a sweeping industrial strategy focused on semiconductor chips and artificial intelligence projects as President Lee Jae Myung
SpaceX buys AI coding startup Cursor for $60 billion
SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk’s space exploration and AI company seeks
Coinbase for Agents: Your AI Agent Can Now Trade and Pay with Coinbase
People are already using Large Language Models (LLMs) for a vast range of investment research and financial questions. But these LLMs often lack full
OpenAI files for IPO
OpenAI has confidentially filed for an initial public offering, setting it up for what may be the most highly anticipated market debut in recent history
Microsoft data suggests using AI is more expensive than hiring people
Microsoft's latest AI pullback is raising an uncomfortable question for the tech industry: What if using artificial intelligence at scale ends up costing
Software stocks wrap up best month as talk of ‘SaaSpocalypse’ subsides
The “SaaSpocalypse” may not be over. But for now at least, fears of software’s demise have cooled. Software stocks soared this week, driven by strong