It only took weeks for AI usage to break the corporate piggy bank

Last month, I wrote here that the AI bubble was about to pop and that when the subsidies ran out, the bill would land on the customer. The whole thing rested on one ugly fact: The companies selling AI were losing money on nearly every power user and pretending otherwise.

I figured we had a year or two before the cracks really showed. Maybe three. But the receipts started landing within weeks. What I got wrong wasn’t the diagnosis, but who would blink first. I figured the pain would start at the bottom, with small shops priced out when their renewals came due. Instead, it started at the very top, with the richest companies on earth — including several of the same outfits building and selling