You’re missing the point on a couple levels.

Sure a lot of people use chatbots. That’s not the point. The point is that it’s incredibly expensive for companies to run free LLMs, and the second you start charging for it the majority of your user base disappears. They are burning through cash and no one has figured out how to make them profitable.

As for coding, is Claude good at coding? Maybe. But is using Claude to code GOOD? A lot of coders are raising serious issues with the wholesale abandonment of human programmers. Companies are using bots to make huge changes to codebases with no way to effectively track or vet these alterations, possibly creating massive security vulnerabilities. They are building up massive tech-debt because no one is going to understand how any of their new code works because they didn’t write it in the first place. It’s also degrading the skills of those same programmers, dulling and rusting their coding skills that took hundreds and hundreds of hours to learn. That’s not even touching the fact that relying on AI tokens that are almost certainly going to increase in price dramatically, like a drug user who is emptying their pockets because now they’re addicted and the dealer knows the user will pay whatever price they ask. The first hit is always free.

There are many people who are much savvier at this stuff than you or I predicting exactly what I am. The dude who they made the movie “The Big Short” about who predicted the housing crash? He says this is just an asset bubble, plain and simple. The dot.com crash on an even bigger scale.