--- title: BNY says it now tracks its AI token spending to avoid... description: BNY has built telemetry to track its AI token spending and send tasks to the most suitable model, CFO Dermot McDonogh told Bloomberg Television. The bank runs... canonical: https://daily.dev/posts/bny-says-it-now-tracks-its-ai-token-spending-to-avoid-overpaying-mgrfgx4th twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: BNY says it now tracks its AI token spending to avoid overpaying | daily.dev og:description: BNY has built telemetry to track its AI token spending and send tasks to the most suitable model, CFO Dermot McDonogh told Bloomberg Television. The bank runs... og:url: https://daily.dev/posts/bny-says-it-now-tracks-its-ai-token-spending-to-avoid-overpaying-mgrfgx4th og:image: https://api.daily.dev/og/posts/MGrfGX4Th.png og:image:alt: BNY says it now tracks its AI token spending to avoid overpaying og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # BNY says it now tracks its AI token spending to avoid overpaying **[The Next Web](https://daily.dev/sources/tnw)** · 2 min read · 1 upvotes · 0 comments ## Summary BNY has built telemetry to track its AI token spending and send tasks to the most suitable model, CFO Dermot McDonogh told Bloomberg Television. The bank runs about 400 AI agents and spends $4B a year on technology overall. McDonogh said BNY avoids using expensive models for cheap queries and is not tied to any one cloud provider. This marks a shift from July, when he told Fortune the bank did not track token use and focused on results instead. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How do large companies control costs when running many AI agents at scale? BNY, which runs about 400 AI agents, built telemetry to track token spending and routes each task to the most suitable model rather than defaulting to expensive ones for cheap queries. CFO Dermot McDonogh described this as becoming 'quite disciplined' about tracking usage, as AI spending adds to the bank's $4B annual technology budget. _Teams weighing model routing strategies can track emerging cost-control approaches on daily.dev._ ### Why are company AI bills rising even though per-token prices are falling? AI agents burn through far more tokens than before, so total spending rises even as the price per token falls. This dynamic has pushed companies like BNY to build cost-tracking telemetry, prompted Commonwealth Bank of Australia's CEO to warn about rising bills, and led Atlassian to put engineers on monthly AI budgets. _Anyone budgeting for agentic AI workloads can follow these token-cost trends on daily.dev._ ## Similar posts on daily.dev - [The token bill comes due: Inside the industry scramble to manage AI’s runaway costs](https://daily.dev/posts/the-token-bill-comes-due-inside-the-industry-scramble-to-manage-ai-s-runaway-costs-glxojg09s) · TechCrunch · 0 upvotes · 0 comments - [EY built an ‘AI router’ to stop its own AI bills from spiralling](https://daily.dev/posts/ey-built-an-ai-router-to-stop-its-own-ai-bills-from-spiralling-azpy0gb1k) · The Next Web · 0 upvotes · 0 comments - [Navigating AI Tokenomics: From Cost Uncertainty to Operational Scale](https://daily.dev/posts/navigating-ai-tokenomics-from-cost-uncertainty-to-operational-scale-mbj3y4bfp) · Cisco · 0 upvotes · 0 comments - [The new economics of AI cost management](https://daily.dev/posts/the-new-economics-of-ai-cost-management-tguezsxg2) · databricks · 1 upvotes · 0 comments --- Tags: [#ai-agents](https://daily.dev/tags/ai-agents), [#llm](https://daily.dev/tags/llm), [#openai](https://daily.dev/tags/openai), [#finance](https://daily.dev/tags/finance) [View this post on daily.dev](https://daily.dev/posts/bny-says-it-now-tracks-its-ai-token-spending-to-avoid-overpaying-mgrfgx4th) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"BNY says it now tracks its AI token spending to avoid overpaying","url":"https://daily.dev/posts/bny-says-it-now-tracks-its-ai-token-spending-to-avoid-overpaying-mgrfgx4th","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/bny-says-it-now-tracks-its-ai-token-spending-to-avoid-overpaying-mgrfgx4th"},"datePublished":"2026-10-27T12:42:33.791Z","dateModified":"2026-10-27T12:42:57.524Z","description":"BNY has built telemetry to track its AI token spending and send tasks to the most suitable model, CFO Dermot McDonogh told Bloomberg Television. 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