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But we saved everything 🙂.
Tomasz Tunguz reports that Coinbase is focusing on optimizing costs by routing prompts to cheaper models where possible, according to a statement by Brian Armstrong. The company has managed to maintain roughly flat expenses even as token usage continues to grow exponentially.
Tomasz Tunguz has previously noted that median short interest in AI-adjacent stocks jumped 24 percent last quarter, with pressure on key market areas, according to recent data. Companies have also begun limiting AI spending as costs increase. Earlier this year, Tunguz reported that Uber capped AI spending and Salesforce allocated $300 million to Anthropic tokens, reflecting tighter corporate budgets in the sector, as detailed in his coverage.