why didn’t the hyperscalers wait until after the IPO in switching to using charging? my guess is that they literally could not m affford to, because with “all you can eat” in the agent era they were hemorrhaging money.

the IPO’inf hyperscalers probably had to choose between hemorrhaging insane amounts of money (with tokenmaxxing) and reducing usage and customer enthusiasm (by increasing rates).

my guess is that they simply did not have enough cash to sustain the former.

so, not wanting to go bankrupt, they had to choose the latter.

if my analysis is right, it suggests that their financial situation is dire. they would eat another 6 months of all you can eat if they could – but they can’t.

(anyone see it differently?)