JPMorgan has launched $2,000 monthly spending limits for some employees using Claude Code, internal messages seen by Business Insider show. The cap, along with a new security effort for some Claude users, marks another evolution in how America’s biggest bank is refining its AI use amid ballooning costs and risks, and reshaping expectations for software
OpenAI has pulled back the curtain on how much its researchers spend on AI coding agents. In a blog post on Sunday, the startup said the most prolific users of AI coding agents among its researchers now consume more than $7,000 worth of tokens — the small chunks of text an AI model reads and
Even the CEO behind a popular AI coding platform says Silicon Valley is overselling AI. In an episode of the “20VC” podcast released Monday, Avishai Abrahami, CEO of Wix, a web design company that acquired the Base44 vibe coding platform, addressed one of the industry’s biggest debates: AI’s ability to replace traditional software and human
Perplexity could be the latest entrant in the hot AI coding wars. The San Francisco-based AI search startup has created an internal AI coding tool that it may release publicly later, a person familiar with the matter said. For now, Perplexity has dubbed the tool “Teammate” and its engineers have been using it since May,
