Why 74% of firms are losing track of their AI budgets
a kpmg survey finds only 26% of companies have full visibility into ai costs, with 22% seeing bills only after they arrive. this lack of oversight threatens financial stability as token usage spikes.
a kpmg survey reveals that 74% of companies lack full visibility into ai spending, with half possessing only limited oversight and 22% remaining entirely in the dark until billed. kpmg global ai lead steve chase notes exponential growth is causing clients to burn through annual cloud and token budgets in months, with one client seeing a sixfold usage spike. analysts warn this mirrors the pandemic-era cloud boom where initial investment surges were followed by sharp spending corrections. cfos are now bracing for unexpected charges from large language model providers as the industry struggles to manage this new resource class.