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Crypto

BitMEX replaces CEO, CFO and growth chief at once, renewing talk of exchange sale

BitMEX has replaced its CEO, CFO and chief growth officer at the same time, drawing attention to the reasons behind the reshuffle. The changes were first confirmed through LinkedIn profile updates, with no official statement released. Peter Wilkinson, previously global chief legal officer and chief operating officer, was appointed CEO. Industry watchers link the move to possible sale or M&A preparations and to the exchange’s history of U.S. regulatory disputes.

AI & Enterprise

Companies move to ration AI tokens as costs surge from routine use

Companies are moving to control costs after employees used AI for simple tasks and quickly burned through budgets. Accenture has begun steps to prevent staff from depleting internal token allocations by overusing AI for basic work. The focus is shifting from expanding AI use to managing cost efficiency and proving returns. Executives are increasingly asking whether AI spending is delivering value, while token costs are feeding broader doubts about AI business models.

AI & Enterprise

Token-maxing backlash fuels debate over corporate AI spending without results

Corporate executives are starting to question whether sharply higher AI spending is producing real results, Axios reported on May 28. The report said Microsoft cancelled most Claude Code licences, while Uber’s chief operating officer said AI costs are increasingly hard to justify. CloudBees CEO Anuj Kapur said job cuts may be the only way to offset AI costs. Others cited token-maxing, unclear use cases, costs, people and data as key obstacles.