BNY tracks its AI token spending to avoid overpaying

BNY has built telemetry tools to track AI token spending and route each task to the most suitable model, CFO Dermot McDonogh told Bloomberg Television. The bank runs about 400 AI agents within a $4B annual technology budget and is not tied to any single model provider.

• BNY built telemetry to track AI token spending and route tasks by model
• The bank runs about 400 AI agents
• BNY's annual technology budget is $4B
• BNY is not tied to a single model provider