News Summary

• Valon's new policy requires most new hires to learn their jobs the old-fashioned way.
• CEO Andrew Wang said he instituted it last month after Valon gave employees broad access to AI.
• Wang: "By doing the basic work, rather than relying on AI, you start to form an understanding" Wang projects the company's annualized token spending to shrink this year to roughly $4 to $5 million, from around $15 million to $20 million."It's a weird decision for a company that is at the frontier of AI usage," he wrote.