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BNY prioritizes AI outcomes over token usage, reports revenue gains

BNY, a financial institution, is prioritizing outcome-based metrics over "tokenmaxxing" to measure AI success. The company has developed an LLM-agnostic platform and focuses on cultural adoption to scale AI effectively. BNY reports significant increases in AI-assisted code authorship, operational efficiency, and revenue and pre-tax income per employee, attributing these gains to capacity creation rather than cost reduction. AI

IMPACT Highlights a shift in AI measurement from usage metrics to tangible business outcomes, influencing enterprise AI strategy.

RANK_REASON Article discusses a company's approach to AI metrics and strategy, offering an opinion on best practices rather than announcing a new product or research.

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

BNY prioritizes AI outcomes over token usage, reports revenue gains

COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Sheryl Estrada ·

    BNY skipped the ‘tokenmaxxing’ craze. Here’s what AI metrics it tracks instead

    BNY CFO Dermot McDonogh says AI success is not measured by prompts burned or tokens consumed.