Corporate America enters its AI reckoning (opens in new tab)

Corporate leaders are starting to question whether soaring AI spending is delivering meaningful returns.Why it matters: Companies that rushed to embrace AI are now confronting ballooning IT costs, uncertain productivity gains and growing employee skepticism.Driving the news: Microsoft canceled most of its Claude Code licenses, in part over costs, according to The Verge, and Uber's COO said AI costs are getting "harder to justify."An AI consultant tells Axios one of their clients recently spen...