Company mistakenly spends ₹4,800 crore in 30 days, simply because they forgot to cap AI use

An AI consultant told Axios that one of their clients mistakenly spent $500 million (nearly ₹4,800 crore) in just 30 days. According to the consultant, this happened as the client forgot to limit the usage of Claude's AI chatbot by employees. This comes shortly after Microsoft reportedly cancelled most of its Claude Code licenses, partly due to their costs.