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They’re useful and getting better, but they’re improving by burning more tokens behind the scenes, and the prices they charge only cover a fraction of the cost. Right now there is no foreseeable path to profitability.
And probably never will be.
Honestly, I feel that AI will be just a phase. A long phase, but not a ever-lasting phase. Because once AI companies start feeling the hurt more about how little profit they're turning from these, they're going to want to pull the plug eventually.