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"take our prompting classes to get more out of your responses for less"

I think the reason is that their revenue is collapsing after companies discovered how expensive agents are and users were switched to token-based billing. There's nothing more important for a successful IPO than showing revenue growth. It's even more important than showing the path to profitability.

That‘s a safe bet. The monthly plans are MUCH too cheap for power users. They have to move everyone to token based billing. Plus of course the tokens will increase in price a lot over time.

ironically, it was what was going to happen with the internet and traffic usage compared to flat rates. now they get to see what happens when they can do what they want, uncontested

somewhat related to OpenAI, but what are your thoughts on this?: bsky.app/profile/apne...

Given the ratio of users who are just free chatbot users, who is the selling point for this? If they weren't paying for a $5/month already, do they think $2/month is going to be the introductory rate to get people hooked on the metaphorical drug?

🎯 like a master hunter, after years of practice and study, you now know exactly how they think

when my fellow English Majors on LinkedIn were moronically pumped that AI companies started posting Communications jobs at $150k/yr last month, it was actually all just because they needed the warped mind of a top-tier class traitor to finesse the language of a long and messy drowning, wasn't it?

I love that you still think there is still a business model beyond setup Ponzi scheme, cash out and make for the hills. Your faith in humanity in the face of such contrary evidence is admirable.

It's pretty simple to spin "We'll make you pay for every damn bit that you take from us" into "Our promise to you is that you only pay for what you actually use" After all, metered utilities have been doing it for decades.

Like I think if they're lying about how much the models cost on a subscription level, they are probably also lying about the per-token cost, and it's just one domino after the next. That's my point I guess.

They're trying to capture a large enough population to ensure there's the (already captured) political pressure to make AI mandatory

Ed, I just want to thank you for your clear vision through this whole fucking debacle. I’ve often felt like I’m losing my mind and your analysis has been consistently grounding.

Does Sam Altman have access to intelligence? Or has his brain atrophied from using his own product?

Turns out what we ended up with was democratizing assess to foolishness.

They switched users to full token costs too quickly. They're going to boil the frog instead. They will report on "token-based active users", the market will think they they're on the path to profitability, and they'll rugpull later.

My safe bet is that this specifically coinciding with summer break shows that their biggest user base is still students using it as a crutch. They are desperate to show usage data during June-August to prove that it's more than just a plagiarism app that does someone's homework for them.

Yeah, the classic "domestic competitors reduce prices just to jointly raise them weeks after offshore competition undercut them by 90%" move.