If you look at job listings right now, there's a ton of "we apply an LLM to your business use case" type startups that really don't have good products or fundamentals, but that are getting a lot of funding because "AI".

They use LLMs, often have flashy demos, but can't keep things aligned and struggle to keep the models on task. E.g. they have burned a ton of capital and don't have a lot to show for it.

The ones that went all-in on vibe coding are even worse off.

If those startups die, the big inference providers lose a lot of customers.