tech

An AI chief for one of the world's largest banks says tokenmaxxing is a 'vanity metric'

"We try to make sure that what we track is an outcome, not a vanity metric," he added, BNP Paribas CIB's AI chief Charles Holive said.

An AI chief for one of the world's largest banks says tokenmaxxing is a 'vanity metric'

TL;DR

  • BNP Paribas CIB's AI chief Charles Holive considers 'tokenmaxxing' a vanity metric.
  • The bank prioritizes tracking outcomes such as 'What did you do that you didn't do before?' and 'How much faster did you do it?'
  • Companies like Amazon and Uber are questioning the ROI of rising AI costs.
  • BNP Paribas CIB sets explicit assumptions for AI projects' revenue or productivity generation and monitors KPIs against these goals.
  • Token consumption is still monitored for cost control purposes.
  • Other executives from Tata Consultancy Services and La Banque Postale also advocate for focusing on business outcomes and impacts.