Finance executives are cutting AI spending and centralizing budget control as costs exceed forecasts. Pigment’s Q3 2026 CFO Index shows 83% of respondents faced higher-than-expected consumption-based AI costs. U.S. Bank’s survey reveals 51% of US finance leaders overspent their AI budgets, while 60% of Deloitte respondents expect costs and complexity to rise substantially through 2027. Uber exhausted its entire 2026 AI budget by April, and companies like Amazon and Cisco have implemented spending caps. Despite this caution, 87% of finance leaders still plan to increase AI budgets for fiscal year 2027.
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