Who knows? LLM providers losing money on every user and making it up on volume is a problem for them to deal with. I’m simply saying that the products are here to stay, even if (hopefully) the companies need to right-size their growth strategies. If Claude Opus 4.5 or GPT 5.2 is the pinnacle of models and we never see a new one again, I think they’ll be useful and cash flow positive. OpenAI and Anthropic will, of course, go bankrupt. But the models themselves are absolutely valuable.