AI companies started with very cheap subscriptions and it's been hardly 1 year and costs has increased 10-50x in a lot of cases. A lot of companies are still using Coding agents as they don't want to miss out on AI.

I see AI companies valuation from trillion dollars to low hundred billion maybe by next year. Reason I think is, corporates are spending upto $500 per month per employee and local AI models are becoming good. So companies can just spend 1000 USD more on beefy 128GB machines and save in long run. 128 GB machines can run 70 billion model and 70 billion model are good enough for most use cases.