Companies are learning that even with mass layoffs, AI isn't worth what it costs for most use cases. This is an important inflection point because none of the AI companies are profitable, i.e. they're all still charging substantially less than what it costs to actually deliver the service. With things in that intermediate state, it's hard to know what a future stable state will be like.
If AI isn't worth what it costs why are some of these companies allowing $1,000+/employee/month?
The value is somewhere else (i.e. being able to brag at the next conference/dinner/awards show and to not feel like a loser)
Once that value is no longer there, I will stock up on popcorn. Sure Labubus are still around and still have "users", but...