AI从业者和投资者需要警惕：模型供应商的财务压力可能引发服务涨价或限制，做AI应用开发的团队应提前评估成本风险。
Gary Marcus 指出，大型AI模型供应商（hyperscalers）突然从“无限量”模式转向按用量收费，并非为了IPO后调整策略，而是因为资金链无法支撑。在“智能体”时代，用户大量使用模型导致供应商持续亏损，他们不得不选择减少使用量或提高费率。Marcus 认为，如果可能，供应商会再坚持6个月以培养市场，但现实是他们无法承受，财务状况岌岌可危。这一分析揭示了AI行业商业模式的内在脆弱性。
This analysis from yesterday looks even more apt today — especially after we heard that the model pr...
This analysis from yesterday looks even more apt today — especially after we heard that the model providers have gone to Washington in search of handouts. Gary Marcus @GaryMarcus ⚠️Why didn’t the hyperscalers wait until after the IPO in switching to pay-by-usage-charging? My guess is that *they literally could not afford to* —because it would bankrupt them. My reasoning: in “all you can eat” agent era they were hemorrhaging money. So the hyperscalers probably had to choose between hemorrhaging insane amounts of money (with tokenmaxxing) and reducing usage and potentially burning customer enthusiasm (via increasing rates). They would eat another 6 months of all you can eat if they possibly could– to establish market appetite—so I conclude that they just can’t. Conclusion: They just don’t have enough cash. Despite the possibility of giant IPOs, their financial situation is shaky. 🔗 View Quoted Tweet 💬 2 🔄 4 ❤️ 11 👀 1684 📊 3 ⚡