How else are they going to begin to recap their billions and billions of debt? Someone has to pay for all those data centres, all that hardware, all that power, etc etc etc. It will be the companies that have come to rely on AI.

Sure, for now, AI is a lot cheaper than an intern, but it doesn’t become an expert like a human does. And Amazon used to be cheaper than other retailers right up until they had achieved vast market share.

This cannot be the last 10x price multiplier they pull. Not even close. Firstly they’re way, way, way off from recouping their costs, and secondly, they’re still way, way off market value for an incompetent human intern who isn’t learning much.

Uber didn’t enter the market to open up taxis to new drivers and bring down prices, that was marketing. They entered the market to take a cut out of ever taxi fare in the world, and drive up prices at peak times to many times the agreed fares, especially in regulated areas.

Similarly, AI didn’t enter the coding market to drive down prices and enable greater access for folk to generate code. They entered the coding market to receive the wages of programmers and drive up prices in in-demand fields. They are not unaware of how much companies pay devs. Why else would they have spent all those billions in advance? Where is the payback coming from?