Bank of New York Mellon Skips Tokenmaxxing Frenzy, Focuses on AI Outcomes The recent frenzy surrounding tokenmaxxing has left some tech companies scrambling to climb leaderboards and burn through AI tokens.
However, at Bank of New York Mellon (BNY), leadership took a different approach – one that prioritizes meaningful outcomes over token counting exercises.
According to Dermot McDonogh, BNY's Chief Financial Officer, the bank never bought into the idea that AI success is measured by how many tokens are spent or prompts are fired.