Token Burn

Inside Hudson River Trading's Blistering Token Burn | Odd Lots

Inside Hudson River Trading's Blistering Token Burn

Iain Dunning, Head of AI at Hudson River Trading, speaks during an live taping of the Odd Lots podcast at City Winery, in New York, NY on May 28, 2026 Bloomberg

Odd Lots: Inside Hudson River Trading’s Token Burn (Podcast)

Today’s episode, which was recorded at our recent live show at New York’s City Winery, follows up on a conversation we had with Iain Dunning, head of AI at Hudson River Trading. Last year, we talked about how his firm uses AI. Now, some seven months later, we follow up on how one of the biggest market makers around is deploying this technology.

Inside Hudson River Trading’s Blistering Token Burn

Palantir CEO almost hates AI word 'tokenmaxxing', compares it to 'bad addiction'

Palantir CEO Alex Karp has a blunt take on the AI industry's hottest buzzword. Speaking on the TBPN podcast on the sidelines of Palantir's AIPCon 10 conference, Karp compared "tokenmaxxing"—the compulsive overuse of AI tokens—to a porn addiction. His point was simple: a lot of companies are burning through tokens that look like productivity but deliver nothing real.

Uber's $1,500/Month AI Limit Is a Useful Signal for AI Tool Pricing

3rd June 2026 - Link Blog Uber Caps Usage of AI Tools Like Claude Code to Manage Costs. I wrote the other day about Uber blowing its 2026 AI budget in four months, and how that wasn't particularly surprising given they would have set that budget in 2025, before anyone could have predicted how popular token-burning coding agents were about to become. Natalie Lung for Bloomberg:

Palantir's Karp says businesses are 'unhappy' with the frontier AI labs

Palantir CEO Alex Karp said the artificial intelligence software company's enterprise customers are "unhappy" with how the frontier labs are operating. "It's not just the man and woman on the street that is unhappy with the frontier labs, it's in private every single enterprise we deal with," he told CNBC's Sara Eisen on Wednesday. Many customers, he said, believe these companies don't understand their businesses and only care about tokenmaxxing, or burning through AI tokens to signal...

AI Is Slowing Down

If you liked this piece, you should subscribe to my premium newsletter. It’s $70 a year, or $7 a month, and in return you get a weekly newsletter that’s usually anywhere from 5,000 to 18,000 words, including vast, detailed analyses of NVIDIA, Anthropic and OpenAI’s finances, and the AI bubble writ large (updated to version 3.0 last week). My Hater's Guides To the SaaSpocalypse, Private Credit and Private Equity are essential to understanding our current financial system, and my guide to how...

Agentic Mfw

And nobody gives a single fuck how it's built anymore. The previous motherfuckers spent a decade teaching you the holy commandments of clean code. I have, begrudgingly, honored every one of them on this page, because the agent did it in one shot while I was on the toilet: clamp() .lang attribute and all.

My automated doubt development process

This process originated out of a lack of trust. I lost trust early in my AI-assisted development due to allowing our LLM partners to do too much, too quickly and without the standard engineering practices I had come to internalize. Trust was regained by automating as much doubt as I could muster.