I think it’s real. I’m at a huge SV tech company and at least half the people here are “token maxing”.

AI is genuinely useful for many tasks. But 2x or greater business value from engineering orgs isn’t it. And even if it was business are terrible at measuring value added on an individual basis.

What they can measure though is token use. I’ve heard the same thing from other large companies my friends work for.

It’s bad enough that I’ve moved a significant amount of money out of US large-cap stocks.