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Applied AI·October 27, 2026·1 min read

BNY says it now tracks its AI token spending to avoid overpaying

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A bank running ~400 AI agents and $4B in annual tech spend is now building internal tools to meter tokens and route tasks to the cheapest suitable model—AI cost governance is becoming its own discipline. If you’re scaling agents without per-task cost telemetry, you’re writing a blank check to your model vendors.

Applied AI

Anthropic's S-1 shows an 85% gross margin in H1 from running its models, a reality check for skeptics who said pay-as-you-go model sales wouldn't be profitable

An 85% gross margin on model usage per [The Information](https://www.theinformation.com/articles/anthropics-85-margin-reality-check-skeptics) says the core API business can throw off software-like economics even under pay-as-you-go. Expect sustained price competition at the model layer and more pressure on downstream vendors to justify their take on top.