Technology, banking, and entertainment companies are significantly restricting employee access to AI tools as monthly costs skyrocket into tens of millions of dollars, according to internal documents and communications obtained from multiple organizations.

404 Media reports that companies across multiple industries are implementing strict limitations on employee use of AI tools after experiencing dramatic cost increases that have caught executives off guard. Internal communications from organizations including Atlassian, Adobe, Amazon, Citi, and GitHub reveal a growing crisis as AI spending triples in some cases, forcing companies to cut…

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