This combined with the OpenAI and Anthropic price increases mean I have hope the bubble will pop by the end of the year. Microsoft has to report their stats as a publicly traded company, and both Anthropic and OpenAI are aiming for IPOs in H2, so they will have to disclose stats for that as well. When all of their “customers” go up in smoke once the real price tag hits, they won’t be able to hide it.

AI in its present form is just too expensive without venture capital footing 90+% of the bill. They burned through that too quickly. They didn’t get the traditional economy addicted to AI enough; most companies can unwind most of the changes they have made to roll AI into their operations.

Edit: GitLab might be screwed, though.