Hedge fund Citadel highlights cost concerns as enterprises cut AI token budgets before a wave of mega-IPOs.
Citadel Securities issued a macro note warning that AI adoption is decelerating due to rising costs, with enterprises scaling back token spending. Recent examples include Amazon, Microsoft, Meta, and Uber, which exhausted its 2026 AI coding budget in four months.
The slowdown precedes a high-profile IPO slate, including SpaceX, raising concerns about sustained AI investment. Companies are shifting focus from token consumption to measurable output, signaling a potential pullback in the sector.
BTC rebounded 2-3% to $63k, while Tether led a $1.4B funding round for robotics firm Neura, reflecting mixed market sentiment.