TODDRIDGE

CPA, CFP, DEG, EN

[TODDRIDGE @toddspringtx]

INDEXES RED, Some call Axios emergency hotline

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The International Atomic Energy Agency believes Iran’s nuclear risks are now higher than before the Iran War began on February 28th.

[TODDRIDGE @toddspringtx]

lol

[TODDRIDGE @toddspringtx]

@Mike_Hunt_Sr higher

[TODDRIDGE @toddspringtx]

@nickgiva1 😂

[Marshall Richards @marshallrichrds]

this was an intrusive thought that deserved to be tested.

drone vs. wood beaded door curtain

low-cost indoor drone defense has been achieved internally.

[Carlos E. Perez @IntuitMachine]

Tokenmaxxing Report May 2026: The Great AI Spend Frenzy

Executive Summary

The shift began noticeably in December 2025. Spotify’s co-CEO Gustav Söderström made a striking observation during the company’s Q4 earnings call: “Our best developers have not written a single line of code since December. They actually only generate code and supervise it.”

Andrej Karpathy echoed the sentiment, noting he too had stopped typing code himself and was now fully directing AI agents. This marked a pivotal moment where elite engineers transitioned from writing code to orchestrating AI systems. What followed was an explosive wave of adoption across Big Tech — and with it, the rise of "Tokenmaxxing": the practice of maximizing token consumption to hit internal metrics, climb leaderboards, and showcase aggressive AI usage.

What started as a genuine productivity leap quickly evolved into uncontrolled spending. Companies burned through budgets at alarming rates, created usage competitions, and in some cases encouraged running even trivial tasks through AI agents just to inflate numbers.

Here is the validated state of Tokenmaxxing across Big Tech as of mid-2026:

1. Uber: 12 Months of Budget in 4 Months
- Status: Full budget exhaustion by April 2026.
- Rolled out Claude Code to ~5,000 engineers in late 2025.
- Usage metrics: 84-95% monthly active engineers, ~70% of committed code AI-generated.
- Average heavy user cost: **$500–$2,000 per month**.
- Result: Burned entire annual AI tools budget in just four months.
- Leadership response: CTO confirmed overrun; COO publicly questioned ROI and linkage to actual shipped features.
- Tokenmaxxing Factor: Internal leaderboards heavily encouraged usage, accelerating the spend.

2. Meta: Official Token Usage Scoreboards
- Status: Active "Claudeonomics" leaderboard (later taken down after leak).
- Tracked ~85,000 employees by token consumption.
- Peak stats: One employee averaged **281 billion tokens/month**; company-wide ~**60 trillion tokens** in a 30-day period.
- Awards & Titles: "Token Legend", "Cache Wizard", "Session Immortal".
- Tokenmaxxing Factor: High — explicit gamification of token usage created intense competition and unnecessary queries.

3. Amazon: "Token Max" Culture on Simple Tasks
- Status: Strong encouragement of high token consumption.
- Set aggressive targets (>80% developer weekly AI usage).
- Internal leaderboards and metrics drove behavior.
- Common practice: Engineers running trivial or simple tasks through AI agents purely to boost scores and hit "token max" goals.
- Tokenmaxxing Factor: Explicit — leadership and systems incentivized volume over value.

4. Microsoft: Killed Claude Access, Forced Copilot
- Status: Actively canceling Claude Code licenses across teams.
- Major groups (Experiences + Devices, Windows, M365, etc.) affected.
- Deadline: End of June 2026 for many teams.
- Replacement: Mandated shift to internal GitHub Copilot tools.
- Tokenmaxxing Factor: Cost-control backlash. After observing runaway Claude usage, Microsoft chose to redirect spend toward its own ecosystem.

5. Nvidia: Token Bills Exceeding Payroll
- Status: Confirmed by leadership.
- VP Bryan Catanzaro: "The cost of compute is far beyond the costs of the employees" for his teams.
- CEO Jensen Huang: Suggested ideal that engineers consume **~50% of their salary in tokens** (e.g., $250k tokens for a $500k engineer).
- Tokenmaxxing Factor: Highest philosophical acceptance — treating massive token spend as a feature, not a bug.

Key Takeaways & Trends
- The December 2025 “nobody writing code” observation signaled the start of a new engineering paradigm. Tokenmaxxing became its cultural byproduct — where usage metrics often replaced outcomes as the primary goal.
- Rapid adoption + leaderboards + generous access = predictable budget explosions.
- Companies are now entering the correction phase: budget caps, tool restrictions, ROI audits, and shifting to cheaper/self-hosted models.
- Long-term question remains: Is the massive token spend delivering proportional productivity gains, or mostly performative usage?

Report Verdict: Tokenmaxxing is real, widespread, and expensive. It was the chaotic but inevitable companion to the fundamental shift that began in December 2025.

[Neil Stone @DrNeilStone]

The Iranian regime really aren't such master negotiatiors

They just say no to everything until the US gives in

[TODDRIDGE @toddspringtx]

@TexasOncologist It's hard to trust NYT but just thinking about this makes my blood boil... tax money going to the mullahs...

[Dow @mark_dow]

Trump has won this war 7 times.

He’s negotiated a peace settlement 12 times.

And he’s opened the Strait of Hormuz at least 4 times.

What more do you want from him?

[TODDRIDGE @toddspringtx]

Top is in when market goes down on good Iran news, real or fake

[TODDRIDGE @toddspringtx]

@GingkoPT did you not hear about a deal that's been coming every day

[Eric Nuttall @ericnuttall]

Neil Chapman, SVP of Exxon this morning at the Sanford Bernstein Strategic Decisions Conference perhaps going a little off corporate script:

[Cluseau Investments @blondesnmoney]

* US REACHES PRELIMINARY MEMORANDUM OF UNDERSTANDING TO AGREE TO FURTHER MEMORANDUM OF UNDERSTANDING FOR PEACE TALKS TO ESTABLISH FURTHER PEACE TALKS TO INITIATE A SECOND CEASEFIRE TO EXTEND THE CURRENT CEASEFIRE

[Pegasus @PegasusFund]

Confirmed Bitcoin use cases
- evading Russian sanctions
- tolls on Hormuz
- funding pedo rings
- bribing POTUS
- over-leveraging Michael Saylor
- funding North Korea’s ICMBs

Store of value

[TODDRIDGE @toddspringtx]

Claude, lower inflation to 2%, make no mistakes

[TODDRIDGE @toddspringtx]

@Mike_Hunt_Sr we should ignore all of these metrics and only focus on Forward P/Es

[TODDRIDGE @toddspringtx]

@darioperkins exceptionalism of turning capex into net income through circular financing

[TODDRIDGE @toddspringtx]

@notahypocrite88 @FirstSquawk this is rental, maybe they are talking spot

[TODDRIDGE @toddspringtx]

Trump doesn't know crypto bros are now bottleneck bros