It’s interesting seeing how AI companies are now changing their pricing models, altering feature sets or amounts of tokens available. Looks to me like the realities of the cost to provide AI to the end user is catching up with them. Once they paywall the free features, I can certainly see it becoming a more niche product that fewer will pay to use for a specific task rather than just a Google replacement.

Once the growth projections get revised, look out below! That these companies are desperate to IPO rather than private equity sitting on an ever increasing asset seems like a red flag to me also.