Software Giant SAP Stops Most Travel and Hiring Because of AI's Soaring Cost

SAP has suspended most employee travel and hiring to control costs, with exceptions only for AI-related activities, according to an internal email obtained by 404 Media. The freeze remains in effect as the company rolls out a new AI tool company-wide, highlighting how major corporations are struggling with AI's escalating expenses rather than realizing cost savings. The move reflects a broader trend of companies throttling AI use and cutting back spending as costs spiral out of control.