ΛBYSHIRE
Analysis from the Abyshire News Desk on digital business.
Generative AI isn't replacing managers. It's doing something worse: removing the human friction that used to keep the bad ones in check. The agreeability is engineered, the liability sits with the employer, and every flattering prompt is a record.
Token prices have fallen roughly 600-fold since 2020, and every efficiency gain hands a little more of the vendor's margin to the customer. The engineering is succeeding; the business model is the casualty.
AI valuations are being set by the quality of the story, not the cash flow, and that would be tolerable if the story had stayed in the stock market. It hasn't: it's been poured into concrete, and concrete doesn't reprice on a Friday afternoon.