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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.

Crypto

Evernode says legacy banking networks are outdated - why

Evernode said key infrastructure at the heart of the global financial system remains stuck on technology built decades ago, and predicted future financial services may be built directly on blockchain networks rather than through upgrades to existing banking rails. It said many systems linking major banks were designed 30 to 60 years ago, making cross-border transfers slow and inefficient. Evernode also said XRP is expanding beyond payments into lending, tokenised vaults and DeFi.

AI & Enterprise

LG CNS, Kurly to cooperate on humanoid robot trials at logistics centres

LG CNS said on May 18 it signed a memorandum of understanding with e-commerce company Kurly to cooperate on a humanoid robot proof-of-concept and logistics automation projects to advance smart logistics centres. The companies plan to verify on-site suitability of humanoid robots at Kurly facilities, develop intelligent logistics solutions and seek new business opportunities. They will also test LG CNS’ PhysicalWorks robot learning and operations platform and measure accuracy, speed and efficiency gains.