Uber's Anthropic AI Push Hits A Wall—CTO Says Budget Struggles Despite $3.4B Spend (opens in new tab)

Uber Technologies, Inc is learning the hard way that scaling AI isn't just about speed—it's about cost. Despite spending $3.4 billion on research and development, the company has already exhausted its planned AI budget just months into 2026. According to The Information, Chief Technology Officer Praveen Neppalli Naga said Uber is now "back to the drawing board" after a surge in the use of AI coding tools, particularly Anthropic's Claude Code, has blown past internal expectations. Don't Miss: A s