Comment by dofm

> That directly undermines his claim that providers always need to chase frontier intelligence in order to maintain current demand, utilization, and pricing curves.

But does it also not mean that they will make less money given that there is already brutal competition for that lower tier from openrouter, Deepseek, Amazon, etc.?

You can't on the one hand say "customers are beginning to understand they can spend less" and on the other hand suggest that this is good for forecasts of revenue.