Maybe AI companies have found that the growth rate of their large-model usage can’t keep up with the pace of newly built data centers, so they start to suspect that users have gone over to other large models…

So they can only use price-war tactics like resetting quotas to keep users…
The problem is, is there a possibility that…
It’s simply that users have started to realize that using AI for just a few days doesn’t actually affect the efficiency of day-to-day life or work at all. The high-frequency scenarios from back then weren’t as urgent as people had imagined…
My own feeling is that AI is indeed useful, but when it comes to how rigid the demand is, it’s no better than food-delivery platforms…
My demand for AI is even lower in priority than ordering a cup of coffee every morning…
The bubble in this industry might not be an investment bubble, a stock-price bubble, or a valuation bubble—it might be that they’ve supplied far more computing power than the market actually needs…
It’s like a certain African country urgently needing food supplies, but you send hundreds of cargo ships wherever you can—fully loading sanitary paper🧻…
Do they need it? Yes, they do…
It’s just… a bit off.