AI will make money, it’s currently in the make users happy stage which is the least profitable but most important lock in stage.

Stage two comes post IPO when they shift value from users to businesses. They will start printing lots of money at this point.

The problem is, they’re starting to run out of real money. They’re having to start jacking rates up already, before the IPO stage. They thought it would monetize more than it has, and they didn’t have enough runway to make it to stage 2 before they started enshittifying.