aiqbench analysis
Booking Holdings CFO Ewout Steenbergen highlights a critical reality for the industry: even massive hyperscalers lack clear ROI metrics for their foundational LLM investments, suggesting that adoption value currently lies in using existing models rather than building proprietary ones. For enterprises, the immediate opportunity is found not in model development but in end-to-end process redesigns that leverage open-source or routed models to control costs while improving internal engineering velocity and customer service efficiency.
Booking Holdings CFO says even AI hyperscalers don’t know their ROI—but he’s learning from his ‘AI coach’

At the Fortune AIQ Summit, Ewout Steenbergen said AI is cutting costs, but LLMs still only send the company less than 1% of room nights.
Booking Holdings’ chief financial officer thinks the companies spending the most on artificial intelligence are guessing. “I even think that the hyperscalers that spend hundreds of billions on the development of their large language models, they don’t really know what is going to be the ROI,” Ewout Steenbergen said Thursday at the Fortune AIQ Summit at the New York Stock Exchange. “They have maybe some assumptions and some hypothesis, but the whole point is, you don’t want to fall behind.” He said that’s good…
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