Westpac Tracks AI Tokens, Routes Simple Tasks to Cheaper Models as Costs Climb
Updated
Updated · Bloomberg · Jul 8
Westpac Tracks AI Tokens, Routes Simple Tasks to Cheaper Models as Costs Climb
3 articles · Updated · Bloomberg · Jul 8
Summary
Westpac is tightening oversight of AI spending by tracking employee token use across the bank and steering simpler work to lower-cost models.
Dan Jermyn, the bank’s new chief AI officer, said the push reflects concern over the high cost of advanced models, especially in software development teams with access to the priciest tools.
The effort is aimed at nudging staff toward what Westpac calls more sensible model use—matching task complexity with cheaper systems where possible.
The move highlights how large companies are shifting from broad AI adoption to cost discipline as usage of token-priced models spreads across operations.