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BNY CFO Discusses AI Spending Controls and Growth Strategy

BNY CFO Dermot McDonogh told Bloomberg that the bank has built tools to track its AI token spending and route tasks to suitable models, as it manages about 400 AI agents and $4 billion in annual technology costs.

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Oct 27, 5:33 AM thenextweb.com BNY says it now tracks its AI token spending to avoid overpaying
Oct 26, 7:31 PM bloomberg.com BNY CFO on AI Strategy, Business Growth