Pls do some soul searching and

1
Comment
Favorite

AT69
06-14 14:46

Pls do some soul searching and dont squander your fortunes away

Following Amazon, Meta Imposes Limits on AI Usage. As Tech Giants Reel from Token Costs, Should AI Model Leaders Focus on Profit Margins?

After Amazon.com (AMZN), Meta Platforms, Inc. (META) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being...

Following Amazon, Meta Imposes Limits on AI Usage. As Tech Giants Reel from Token Costs, Should AI Model Leaders Focus on Profit Margins?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":575124525166832,"tweetId":"575124525166832","gmtCreate":1781419602641,"gmtModify":1781427246937,"author":{"id":4135831911794872,"idStr":"4135831911794872","authorId":4135831911794872,"authorIdStr":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":13,"crmLevelSwitch":1,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":2,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body>Pls do some soul searching and dont squander your fortunes away</body></html>","htmlText":"<html><head></head><body>Pls do some soul searching and dont squander your fortunes away</body></html>","text":"Pls do some soul searching and dont squander your fortunes away","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/575124525166832","repostId":1140497679,"repostType":2,"repost":{"id":"1140497679","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1781351372,"share":"https://ttm.financial/m/news/1140497679?lang=en_US&edition=fundamental","pubTime":"2026-06-13 19:49","market":"other","language":"en","title":"Following Amazon, Meta Imposes Limits on AI Usage. As Tech Giants Reel from Token Costs, Should AI Model Leaders Focus on Profit Margins?","url":"https://stock-news.laohu8.com/highlight/detail?id=1140497679","media":"Deep News","summary":"After Amazon.com (AMZN), Meta Platforms, Inc. (META) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being...","content":"After Amazon.com (AMZN), Meta Platforms, Inc. (META) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being challenged by the soaring costs it generates. \nAccording to reports, Meta sent an internal memo to approximately 6,000 employees this week, announcing it will set caps on employee token usage and build a real-time tracking platform to curb the exponential growth of internal AI costs. \nThe memo stated that Meta's internal AI usage alone is projected to cost tens of billions of dollars by 2026. This move comes after Meta previously encouraged employees to integrate AI tools into their daily workflows, a strategy it is now forced to abruptly reverse. \nConcurrently, reports indicate OpenAI is considering significant token price cuts to attract enterprise clients. Meanwhile, the Silicon Data LLM Token Spending Index, which reflects market willingness to pay for AI, has fallen for seven consecutive trading days—its longest losing streak since January this year. \nThese combined signals have rapidly heightened market skepticism about the sustainability of AI commercialization. For investors, the core question is no longer whether AI demand exists, but rather: when tech giants themselves start scrutinizing their token bills, how much profit margin remains for the large AI model providers? \nThe Uncontrolled Token Bill: Meta's Internal \"Spending Spree\" \nThe direct catalyst for Meta tightening AI usage was a frenzy of token consumption fueled by internal incentives. \nLast November, Meta explicitly told employees that demonstrating \"AI-driven work results\" would be a \"core performance requirement\" this year, with top performers receiving rewards. This directive led to an unintended consequence this spring: some employees engaged in a competition dubbed \"tokenmaxxing,\" vying for spots on an internal leaderboard called \"Claudeonomics,\" which ranked the top 250 employees by token usage. \nInternal data shows employees consumed 60.2 trillion tokens in a 30-day period, with the figure later climbing to 73.7 trillion, leading to the leaderboard being taken down. Some employees reportedly instructed AI agents to run multiple tasks simultaneously to artificially inflate token consumption. \nMeta's Chief Technology Officer Andrew Bosworth warned in an April memo that \"nobody should be using AI just to use AI,\" stressing that \"Token usage is not a measure of impact in any sense.\" However, mere warnings proved insufficient to halt the rising costs. \nSystematic Response: The AI Gateway and Internal Tool Substitution \nFaced with runaway spending, Meta is implementing a systematic cost-control mechanism. \nAccording to the internal memo, Meta has built a central dashboard called \"AI Gateway\" for real-time monitoring of company-wide AI usage and expenditure, with plans to add automated alerts for abnormal consumption spikes. The company intends to roll out these control tools to a broader employee base in the coming weeks and establish a more structured token budget allocation system by 2027. \nSimultaneously, Meta is pushing employees to shift from third-party AI tools to in-house solutions. Its new Applied AI Engineering department is tasking engineers with improving the internal coding assistant MetaCode (formerly Devmate), aiming to reduce reliance on Anthropic's Claude, which is currently the primary tool for Meta's engineers in coding work. \nIt's noted that Meta is not completely blocking access to third-party models; employees can still use tools from OpenAI, Anthropic, and Google, but internal tools will be explicitly prioritized. \nIndustry Echo: Major Tech Firms Hitting the Brakes \nMeta is not alone. Token bill pressures are resonating across the tech industry. \nReports indicate Amazon recently shut down an internal AI leaderboard because employees were performing unnecessary operations to \"boost scores,\" causing a sharp rise in compute costs. Amazon has also begun using a metric called \"standardized deployment\" to evaluate whether engineers regularly use AI to generate useful code, rather than simply measuring token consumption. \nFurthermore, reports suggest Uber and ServiceNow exhausted their annual budgets for Anthropic tools early in 2026. ServiceNow is also monitoring daily employee usage to track and compress costs. Venture capital firms are setting AI usage caps for employees due to daily token fees often reaching thousands of dollars. \nAgainst this backdrop, rumors of OpenAI's price cuts carry deeper significance. \nReports state OpenAI is considering significant reductions in token fees charged to users, partly to get ahead of potential similar moves by Anthropic. \nOpenAI's CEO Sam Altman recently acknowledged that AI usage costs are \"a huge problem\" and stated the company would \"help people get more value for less money.\" \nThe timing of this statement is notable—OpenAI has confidentially filed for an IPO this week, and Anthropic is also on a countdown to its public listing. While price cuts can help win enterprise clients, they directly erode profit margins for both companies, which are currently losing billions due to the massive compute power required for their AI systems. \nToken Index Decline: What is the Market Repricing? \nCapital markets are already feeling the chill. \nThe Silicon Data LLM Token Spending Index has fallen for seven consecutive trading days as of June 11, marking its longest losing streak since January, with declines recorded in 11 of the past 12 days. \nThis index measures the average payment level per million tokens used across the market. It more than doubled since December last year and continued climbing until May 2026 before sharply reversing course. \nA macro strategist described this chart as \"the single most important chart in the entire market right now,\" warning that if token pricing continues to weaken, the trading logic for related investments from memory to broader hardware and data centers in this cycle could face an end. \nWall Street interpretations vary. JPMorgan characterizes the current trend as a \"minimal speed bump,\" while Citadel points out that the core constraint for AI adoption has shifted from \"the most capable model\" to \"cost and scarcity,\" with users accelerating their migration to cheaper models. \nBehind this divergence lies a more fundamental valuation question: Is the decline in token consumption a signal of peak AI demand, or the result of users rationally choosing lower-cost models? The answer will directly impact capital expenditure expectations and valuation logic for companies like Nvidia, cloud providers, and the entire AI hardware supply chain. \nA Turning Point for the Commercial Narrative \nFrom a broader perspective, Meta's move to restrict AI usage reflects a deeper shift in the generative AI commercialization narrative. \nOver the past three years, the AI industry has undergone a three-stage evolution: from subsidizing users to gain adoption, to monthly subscriptions hiding costs, to per-token billing triggering an enterprise bill crisis. Now, as the growth narrative of \"more token consumption is better\" reaches its limit, the industry faces not just a pricing decision, but a more fundamental challenge of business model reconstruction. \nMeta is investing a massive annual capital expenditure, partly to expand AI infrastructure including data centers, AI chips, and talent recruitment. Simultaneously, the company faces pressure from investors to generate visible returns from its enormous AI investments—Meta has already launched paid subscription tiers in Facebook, Instagram, and WhatsApp and plans to charge businesses using its AI business agents. \nHowever, if even Meta's internal AI usage costs have become unsustainable, the profitability prospects of its enterprise AI agent business also face scrutiny. For the entire industry, how to tell the next chapter of the commercialization story remains an unanswered question.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Following Amazon, Meta Imposes Limits on AI Usage. As Tech Giants Reel from Token Costs, Should AI Model Leaders Focus on Profit Margins?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFollowing Amazon, Meta Imposes Limits on AI Usage. As Tech Giants Reel from Token Costs, Should AI Model Leaders Focus on Profit Margins?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nDeep News \n2026-06-13 19:49\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\nAfter Amazon.com (AMZN), Meta Platforms, Inc. (META) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being challenged by the soaring costs it generates. \nAccording to reports, Meta sent an internal memo to approximately 6,000 employees this week, announcing it will set caps on employee token usage and build a real-time tracking platform to curb the exponential growth of internal AI costs. \nThe memo stated that Meta's internal AI usage alone is projected to cost tens of billions of dollars by 2026. This move comes after Meta previously encouraged employees to integrate AI tools into their daily workflows, a strategy it is now forced to abruptly reverse. \nConcurrently, reports indicate OpenAI is considering significant token price cuts to attract enterprise clients. Meanwhile, the Silicon Data LLM Token Spending Index, which reflects market willingness to pay for AI, has fallen for seven consecutive trading days—its longest losing streak since January this year. \nThese combined signals have rapidly heightened market skepticism about the sustainability of AI commercialization. For investors, the core question is no longer whether AI demand exists, but rather: when tech giants themselves start scrutinizing their token bills, how much profit margin remains for the large AI model providers? \nThe Uncontrolled Token Bill: Meta's Internal \"Spending Spree\" \nThe direct catalyst for Meta tightening AI usage was a frenzy of token consumption fueled by internal incentives. \nLast November, Meta explicitly told employees that demonstrating \"AI-driven work results\" would be a \"core performance requirement\" this year, with top performers receiving rewards. This directive led to an unintended consequence this spring: some employees engaged in a competition dubbed \"tokenmaxxing,\" vying for spots on an internal leaderboard called \"Claudeonomics,\" which ranked the top 250 employees by token usage. \nInternal data shows employees consumed 60.2 trillion tokens in a 30-day period, with the figure later climbing to 73.7 trillion, leading to the leaderboard being taken down. Some employees reportedly instructed AI agents to run multiple tasks simultaneously to artificially inflate token consumption. \nMeta's Chief Technology Officer Andrew Bosworth warned in an April memo that \"nobody should be using AI just to use AI,\" stressing that \"Token usage is not a measure of impact in any sense.\" However, mere warnings proved insufficient to halt the rising costs. \nSystematic Response: The AI Gateway and Internal Tool Substitution \nFaced with runaway spending, Meta is implementing a systematic cost-control mechanism. \nAccording to the internal memo, Meta has built a central dashboard called \"AI Gateway\" for real-time monitoring of company-wide AI usage and expenditure, with plans to add automated alerts for abnormal consumption spikes. The company intends to roll out these control tools to a broader employee base in the coming weeks and establish a more structured token budget allocation system by 2027. \nSimultaneously, Meta is pushing employees to shift from third-party AI tools to in-house solutions. Its new Applied AI Engineering department is tasking engineers with improving the internal coding assistant MetaCode (formerly Devmate), aiming to reduce reliance on Anthropic's Claude, which is currently the primary tool for Meta's engineers in coding work. \nIt's noted that Meta is not completely blocking access to third-party models; employees can still use tools from OpenAI, Anthropic, and Google, but internal tools will be explicitly prioritized. \nIndustry Echo: Major Tech Firms Hitting the Brakes \nMeta is not alone. Token bill pressures are resonating across the tech industry. \nReports indicate Amazon recently shut down an internal AI leaderboard because employees were performing unnecessary operations to \"boost scores,\" causing a sharp rise in compute costs. Amazon has also begun using a metric called \"standardized deployment\" to evaluate whether engineers regularly use AI to generate useful code, rather than simply measuring token consumption. \nFurthermore, reports suggest Uber and ServiceNow exhausted their annual budgets for Anthropic tools early in 2026. ServiceNow is also monitoring daily employee usage to track and compress costs. Venture capital firms are setting AI usage caps for employees due to daily token fees often reaching thousands of dollars. \nAgainst this backdrop, rumors of OpenAI's price cuts carry deeper significance. \nReports state OpenAI is considering significant reductions in token fees charged to users, partly to get ahead of potential similar moves by Anthropic. \nOpenAI's CEO Sam Altman recently acknowledged that AI usage costs are \"a huge problem\" and stated the company would \"help people get more value for less money.\" \nThe timing of this statement is notable—OpenAI has confidentially filed for an IPO this week, and Anthropic is also on a countdown to its public listing. While price cuts can help win enterprise clients, they directly erode profit margins for both companies, which are currently losing billions due to the massive compute power required for their AI systems. \nToken Index Decline: What is the Market Repricing? \nCapital markets are already feeling the chill. \nThe Silicon Data LLM Token Spending Index has fallen for seven consecutive trading days as of June 11, marking its longest losing streak since January, with declines recorded in 11 of the past 12 days. \nThis index measures the average payment level per million tokens used across the market. It more than doubled since December last year and continued climbing until May 2026 before sharply reversing course. \nA macro strategist described this chart as \"the single most important chart in the entire market right now,\" warning that if token pricing continues to weaken, the trading logic for related investments from memory to broader hardware and data centers in this cycle could face an end. \nWall Street interpretations vary. JPMorgan characterizes the current trend as a \"minimal speed bump,\" while Citadel points out that the core constraint for AI adoption has shifted from \"the most capable model\" to \"cost and scarcity,\" with users accelerating their migration to cheaper models. \nBehind this divergence lies a more fundamental valuation question: Is the decline in token consumption a signal of peak AI demand, or the result of users rationally choosing lower-cost models? The answer will directly impact capital expenditure expectations and valuation logic for companies like Nvidia, cloud providers, and the entire AI hardware supply chain. \nA Turning Point for the Commercial Narrative \nFrom a broader perspective, Meta's move to restrict AI usage reflects a deeper shift in the generative AI commercialization narrative. \nOver the past three years, the AI industry has undergone a three-stage evolution: from subsidizing users to gain adoption, to monthly subscriptions hiding costs, to per-token billing triggering an enterprise bill crisis. Now, as the growth narrative of \"more token consumption is better\" reaches its limit, the industry faces not just a pricing decision, but a more fundamental challenge of business model reconstruction. \nMeta is investing a massive annual capital expenditure, partly to expand AI infrastructure including data centers, AI chips, and talent recruitment. Simultaneously, the company faces pressure from investors to generate visible returns from its enormous AI investments—Meta has already launched paid subscription tiers in Facebook, Instagram, and WhatsApp and plans to charge businesses using its AI business agents. \nHowever, if even Meta's internal AI usage costs have become unsustainable, the profitability prospects of its enterprise AI agent business also face scrutiny. For the entire industry, how to tell the next chapter of the commercialization story remains an unanswered question.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" (HKDHDG) INC","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU2083900584.USD":"HSBC GIF US INCOME FOCUSED \"AM2\" (USD) INC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","LU1127390331.HKD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A\" (HKD) ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","LU0079474960.USD":"联博美国增长基金A","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0949170426.SGD":"Blackrock Global Multi-Asset Income A6 SGD-H","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","LU0345774391.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","LU1880398471.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) ACC","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","LU0784384876.USD":"Blackrock Global Multi-Asset Income A6 USD","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","AMZN":"亚马逊","LU2211817866.USD":"Allianz Food Security AT Acc USD","LU1670710588.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) ACC","LU1670710661.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) INC","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU1670711123.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) INC","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU2322448957.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (HKD) INC","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","AMZD":"1倍做空AMZN ETF-Direxion","LU0048584097.USD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","IE0009G5SDU7.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0138981039.USD":"FIDELITY FUNDS SUSTAINABLE MULTI ASSET INCOME \"A\" INC","IE000ITXATA3.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) ACC","BK4592":"伊斯兰概念","AMZP":"KURV YIELD PREMIUM STRATEGY AMAZON (AMZN) ETF","IE000YTNTUN2.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG)INC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD) INC AV","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU1697837992.HKD":"BGF DYNAMIC HIGH INCOME \"A6\" (HKDHDG) INC","AMZU":"2倍做多AMZN ETF-Direxion","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0985489474.SGD":"First Eagle Amundi International AHS-C SGD-H","AMZW":"Roundhill AMZN WeeklyPay™ ETF","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","AMZY":"AMZN期权收益策略ETF-YieldMax","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU2473716301.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMF\" (USD) INC","AMZZ":"2倍做多AMZN ETF-GraniteShares","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","LU2463028550.USD":"AB SICAV I AMERICAN MULTI-ASSET PORTFOLIO \"A\" (USD) ACC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","USAW.SI":"AMZN 3xLongSG261006","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"AG\" (USD) ACC","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2720916845.USD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (USD) ACC","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU0861579265.USD":"联博低波幅策略股票基金A","BK4596":"哈里斯概念","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU0109392836.USD":"富兰克林科技股A","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU1564329032.USD":"BGF DYNAMIC HIGH INCOME \"A2\" (USD) ACC","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","BK4598":"佩洛西持仓","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU2275660780.HKD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" (HKD) ACC","LU0444971666.USD":"天利全球科技基金","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU0251132253.USD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) ACC","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU0203201768.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"AX\" (USD) INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0476273544.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"BU\" (USD) ACC","BK4604":"机器人概念","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU0553294199.USD":"BGF GLOBAL EQUITY INCOME \"A5G\" (USD) INC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","LU2242650005.HKD":"FIDELITY FUNDS GLOBAL MULTI ASSET DYNAMIC \"A\" (HKD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU0353189763.USD":"ALLSPRING US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU2452424414.USD":"BGF ESG MULTI-ASSET \"A10\" (USDHDG) INC","LU0882574139.USD":"富达环球消费行业基金A ACC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0784385170.HKD":"BGF GLOBAL MULTI ASSET INCOME \"A6\" (HKDHGD) INC","BK4612":"AI芯片","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","LU0784385840.USD":"Blackrock Global Multi-Asset Income A2 USD","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","LU0345768153.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) ACC","LU0784383803.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A\" (USD) INC A","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU1037948897.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (HKD) INC","LU2764262908.HKD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (HKD) ACC","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","LU1037948541.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (HKD) ACC","LU1934455194.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (USD) ACC","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","LU1883839398.USD":"AMUNDI FUNDS INCOME OPPORTUNITIES \"A2\" (USD) ACC","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU0056508442.USD":"贝莱德世界科技基金A2","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU1261432733.SGD":"Fidelity World A-ACC-SGD","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2092937148.SGD":"Blackrock ESG Multi-Asset A8 SGD-H","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU2092627202.USD":"Blackrock ESG Multi-Asset A8 USD-H","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD) INC","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","LU2077746001.SGD":"Blackrock ESG Multi-Asset A2 SGD-H","LU2097829019.USD":"AZ EQUITY - BORLETTI GLOBAL LIFESTYLE \"AI\" (USD) ACC","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY \"A4\" (USD) INC","LU1564329628.SGD":"Blackrock Dynamic High Income A2 SGD-H","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU0724617625.USD":"BGF GLOBAL ALLOCATION \"A4\" (USD) INC","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU1301847155.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A4G\" (USD) INC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU1235294995.USD":"FIDELITY GLOBAL TECHNOLOGY \"A\" (USDHDG) ACC","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU0080751232.USD":"富达环球多元动力基金A","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1880398554.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) INC","LU2764263039.SGD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (SGDHDG) ACC","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU2764263203.CNY":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (CNYHDG) ACC","LU1868837300.USD":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","IE000F7OJYX1.SGD":"RQI GLOBAL \"I\" (SGDHDG) INC","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","IE0000B7K699.USD":"RQI GLOBAL \"I\" (USD) INC","IE000BZT7R73.USD":"RQI GLOBAL \"I\" (USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","IE000MB6IJN5.SGD":"RQI GLOBAL \"I\" (SGD) ACC","BK4566":"资本集团","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU2087625088.SGD":"ALLSPRING US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU1935043023.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU0345768740.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) INC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","BK4561":"索罗斯持仓","LU2746668974.SGD":"MANULIFE DYNAMIC LEADERS \"AA\" (SGDHDG) ACC","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","IE000WAW04H5.SGD":"RQI GLOBAL \"I\" (SGD) INC A","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","SG9999002232.USD":"Allianz Global High Payout USD","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE000SO60NU8.SGD":"RQI GLOBAL \"I\" (SGDHDG) ACC A","SG9999002224.SGD":"Allianz Global High Payout SGD","LU0552385451.USD":"摩根士丹利投资基金-环球机会基金 C","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","BK4122":"互联网与直销零售","LU1934455863.HKD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (HKD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","LU1046421795.USD":"富达环球科技A-ACC","HK0000304805.HKD":"PICTET 战略收益基金 P类港元","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU2272731865.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AM\" (HKD) INC","HK0000304797.USD":"PICTET 战略收益基金 P类 美元","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","AZYY":"GraniteShares YieldBOOST AMZN ETF","FBL":"2倍做多META ETF-GraniteShares","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU0965508806.USD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","BK4543":"AI","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","FBY":"META期权收益策略ETF-YieldMax","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","METD":"1倍做空META ETF-Direxion","FBYY":"GraniteShares YieldBOOST META ETF","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU2860962120.EUR":"CPR INVEST - ARTIFICIAL INTELLIGENCE \"A2\" (EUR) ACC A","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","METU":"2倍做多META ETF-Direxion","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4548":"巴美列捷福持仓","LU0302445910.USD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" ACC","METW":"Roundhill META WeeklyPay™ ETF","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","SGXZ81514606.USD":"大华环球创新基金A Acc USD","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4554":"元宇宙及AR概念","LU1564329115.USD":"Blackrock Dynamic High Income A6 USD","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","BK4077":"互动媒体与服务","LU1564329461.SGD":"Blackrock Dynamic High Income A6 SGD-H","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","BK4585":"ETF&股票定投概念","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1 Acc SGD-H","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","BK4587":"ChatGPT概念","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","HK0000532082.HKD":"ALLIANZ SELECTION INCOME AND GROWTH \"AM\" (HKD) INC","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","BK4559":"巴菲特持仓","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","LU0354030511.USD":"ALLSPRING U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU1732800096.USD":"摩根大通环球收益基金A (irc)","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU0143551892.USD":"T ROWE PRICE GLOBAL FOCUSED GROWTH EQUITY \"A\" (USD) ACC","BK4551":"寇图资本持仓","LU2462591277.SGD":"TRP GLOBAL FOCUSED GROWTH EQUITY \"AN\" (SGDHDG) ACC","LU2954938101.SGD":"T ROWE PRICE GLOBAL FOCUSED GROWTH EQUITY \"A8P\" (SGD) INC","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","LU0210528500.USD":"JPM AMERICA EQUITY \"A\" ACC","LU2999663052.SGD":"T ROWE PRICE GLOBAL FOCUSED GROWTH EQUITY \"A4P\" (SGD) INC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU1670711040.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) ACC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0251142724.SGD":"Fidelity America A-SGD","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4524":"宅经济概念","BK4220":"综合零售","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1917777945.USD":"安联专题基金Cl AT Acc","BK4527":"明星科技股","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) INC (M)","LU0149725797.USD":"汇丰美国股市经济规模基金","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","SG9999015978.USD":"利安颠覆性创新基金A","LU0133085943.USD":"T ROWE PRICE US BLUE CHIP EQUITY \"A\" ACC","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","BK4579":"人工智能","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","LU0174119429.USD":"T ROWE PRICE US LARGE CAP GROWTH EQUITY \"A\" ACC","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU2462591350.SGD":"T ROWE PRICE US LARGE CAP GROWTH EQUITY \"AN\" (SGDHDG) ACC","META":"Meta Platforms, Inc.","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","BK4532":"文艺复兴科技持仓","BK4581":"高盛持仓","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4534":"瑞士信贷持仓","LU2637965513.SGD":"BGF GLOBAL ALLOCATION \"A10\" (SGDHDG) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","BK4535":"淡马锡持仓","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","BK4538":"云计算","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0726765562.USD":"JPM GLOBAL INCOME \"A\" (USD HEDGED) INC","LU2347655073.USD":"JPM GLOBAL INCOME \"A\" (USDHDG) INC A","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU2404859741.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) INC","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","LU0070217475.USD":"JPM GLOBAL SELECT EQUITY \"A\" ACC","LU2404859667.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","BK4507":"流媒体概念","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","SG9999001077.SGD":"United International Growth Fund SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY \"A\" (USD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU2317271919.USD":"BGF FUTURE CONSUMER \"A2\" (USD) ACC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4503":"景林资产持仓","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140497679","content_text":"After Amazon.com (AMZN), Meta Platforms, Inc. (META) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being challenged by the soaring costs it generates.\nAccording to reports, Meta sent an internal memo to approximately 6,000 employees this week, announcing it will set caps on employee token usage and build a real-time tracking platform to curb the exponential growth of internal AI costs.\nThe memo stated that Meta's internal AI usage alone is projected to cost tens of billions of dollars by 2026. This move comes after Meta previously encouraged employees to integrate AI tools into their daily workflows, a strategy it is now forced to abruptly reverse.\nConcurrently, reports indicate OpenAI is considering significant token price cuts to attract enterprise clients. Meanwhile, the Silicon Data LLM Token Spending Index, which reflects market willingness to pay for AI, has fallen for seven consecutive trading days—its longest losing streak since January this year.\nThese combined signals have rapidly heightened market skepticism about the sustainability of AI commercialization. For investors, the core question is no longer whether AI demand exists, but rather: when tech giants themselves start scrutinizing their token bills, how much profit margin remains for the large AI model providers?\nThe Uncontrolled Token Bill: Meta's Internal \"Spending Spree\"\nThe direct catalyst for Meta tightening AI usage was a frenzy of token consumption fueled by internal incentives.\nLast November, Meta explicitly told employees that demonstrating \"AI-driven work results\" would be a \"core performance requirement\" this year, with top performers receiving rewards. This directive led to an unintended consequence this spring: some employees engaged in a competition dubbed \"tokenmaxxing,\" vying for spots on an internal leaderboard called \"Claudeonomics,\" which ranked the top 250 employees by token usage.\nInternal data shows employees consumed 60.2 trillion tokens in a 30-day period, with the figure later climbing to 73.7 trillion, leading to the leaderboard being taken down. Some employees reportedly instructed AI agents to run multiple tasks simultaneously to artificially inflate token consumption.\nMeta's Chief Technology Officer Andrew Bosworth warned in an April memo that \"nobody should be using AI just to use AI,\" stressing that \"Token usage is not a measure of impact in any sense.\" However, mere warnings proved insufficient to halt the rising costs.\nSystematic Response: The AI Gateway and Internal Tool Substitution\nFaced with runaway spending, Meta is implementing a systematic cost-control mechanism.\nAccording to the internal memo, Meta has built a central dashboard called \"AI Gateway\" for real-time monitoring of company-wide AI usage and expenditure, with plans to add automated alerts for abnormal consumption spikes. The company intends to roll out these control tools to a broader employee base in the coming weeks and establish a more structured token budget allocation system by 2027.\nSimultaneously, Meta is pushing employees to shift from third-party AI tools to in-house solutions. Its new Applied AI Engineering department is tasking engineers with improving the internal coding assistant MetaCode (formerly Devmate), aiming to reduce reliance on Anthropic's Claude, which is currently the primary tool for Meta's engineers in coding work.\nIt's noted that Meta is not completely blocking access to third-party models; employees can still use tools from OpenAI, Anthropic, and Google, but internal tools will be explicitly prioritized.\nIndustry Echo: Major Tech Firms Hitting the Brakes\nMeta is not alone. Token bill pressures are resonating across the tech industry.\nReports indicate Amazon recently shut down an internal AI leaderboard because employees were performing unnecessary operations to \"boost scores,\" causing a sharp rise in compute costs. Amazon has also begun using a metric called \"standardized deployment\" to evaluate whether engineers regularly use AI to generate useful code, rather than simply measuring token consumption.\nFurthermore, reports suggest Uber and ServiceNow exhausted their annual budgets for Anthropic tools early in 2026. ServiceNow is also monitoring daily employee usage to track and compress costs. Venture capital firms are setting AI usage caps for employees due to daily token fees often reaching thousands of dollars.\nAgainst this backdrop, rumors of OpenAI's price cuts carry deeper significance.\nReports state OpenAI is considering significant reductions in token fees charged to users, partly to get ahead of potential similar moves by Anthropic.\nOpenAI's CEO Sam Altman recently acknowledged that AI usage costs are \"a huge problem\" and stated the company would \"help people get more value for less money.\"\nThe timing of this statement is notable—OpenAI has confidentially filed for an IPO this week, and Anthropic is also on a countdown to its public listing. While price cuts can help win enterprise clients, they directly erode profit margins for both companies, which are currently losing billions due to the massive compute power required for their AI systems.\nToken Index Decline: What is the Market Repricing?\nCapital markets are already feeling the chill.\nThe Silicon Data LLM Token Spending Index has fallen for seven consecutive trading days as of June 11, marking its longest losing streak since January, with declines recorded in 11 of the past 12 days.\nThis index measures the average payment level per million tokens used across the market. It more than doubled since December last year and continued climbing until May 2026 before sharply reversing course.\nA macro strategist described this chart as \"the single most important chart in the entire market right now,\" warning that if token pricing continues to weaken, the trading logic for related investments from memory to broader hardware and data centers in this cycle could face an end.\nWall Street interpretations vary. JPMorgan characterizes the current trend as a \"minimal speed bump,\" while Citadel points out that the core constraint for AI adoption has shifted from \"the most capable model\" to \"cost and scarcity,\" with users accelerating their migration to cheaper models.\nBehind this divergence lies a more fundamental valuation question: Is the decline in token consumption a signal of peak AI demand, or the result of users rationally choosing lower-cost models? The answer will directly impact capital expenditure expectations and valuation logic for companies like Nvidia, cloud providers, and the entire AI hardware supply chain.\nA Turning Point for the Commercial Narrative\nFrom a broader perspective, Meta's move to restrict AI usage reflects a deeper shift in the generative AI commercialization narrative.\nOver the past three years, the AI industry has undergone a three-stage evolution: from subsidizing users to gain adoption, to monthly subscriptions hiding costs, to per-token billing triggering an enterprise bill crisis. Now, as the growth narrative of \"more token consumption is better\" reaches its limit, the industry faces not just a pricing decision, but a more fundamental challenge of business model reconstruction.\nMeta is investing a massive annual capital expenditure, partly to expand AI infrastructure including data centers, AI chips, and talent recruitment. Simultaneously, the company faces pressure from investors to generate visible returns from its enormous AI investments—Meta has already launched paid subscription tiers in Facebook, Instagram, and WhatsApp and plans to charge businesses using its AI business agents.\nHowever, if even Meta's internal AI usage costs have become unsustainable, the profitability prospects of its enterprise AI agent business also face scrutiny. For the entire industry, how to tell the next chapter of the commercialization story remains an unanswered question.","news_type":1,"symbols_score_info":{"AZYY":1,"AMZW":1,"AMZN":1,"AMZU":1,"METD":1,"FBYY":1,"FBL":1,"AMZY":1,"METU":1,"METW":1,"FBY":1,"AMZZ":1,"META":1,"USAW.SI":1,"AMZD":1,"AMZP":1}},"isVote":1,"tweetType":1,"viewCount":17,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":53,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}