alt Hacker NewsThat magic trick only works for publicly traded stocks.
Most firms are not a google or a Microsoft - a firms cash balance can become a strategic weapon in the right environment. So wasting money is not a great idea. Lest we forget dividends.
Moreover if you have a budget set re. Spend on tokens - you have rationing. Therefore the firm should be trying to get the most out of token spend. If you are wasting tokens on stuff that doesn’t create a benefit financially for the firm then indeed it is not inline with proper corporate financial theory.
No, it works for any VC-backed companies. Something like 60% of VC funding last year went to AI companies. VCs aren't going to give you a money unless you're building an agentic AI-native agent platform for agents.