I think o1 will keep them going for a while. You don’t need to be economical to keep investors interested as long as the tech progresses, and if their new test-time compute scaling holds true for another magnitude or two they can just crank up the processing time to impress people whenever they need to raise more money.

In addition, with the rollout of their realtime api we’re going to see a whole bunch of customer service focused products crop up, further demonstrating how this can generate value right now.

So I really don’t think they’re running out of steam at all.