Google CEO called out 'biggest AI budget problem' of companies world over from IO stage with a solution

Google's CEO Sundar Pichai highlighted the escalating costs of AI, with companies depleting annual budgets by May due to heavy token usage. To combat this, Google unveiled Gemini 3.5 Flash, a cost-effective model promising significant savings. This new AI aims to boost efficiency in coding and agentic tasks, potentially saving enterprises over a billion dollars annually.