tl;dr: AI platforms like OpenAI and Anthropic have been massively subsidizing usage—analysis shows $200/month subscribers can burn $8,000-$14,000 in tokens—while OpenAI lost $38.5B on $13B revenue in 2025, spending 44% on sales and marketing. As companies shift to token-based pricing, enterprise customers are experiencing 7x cost spikes, with some firms finding AI more expensive than human workers. Servicing the industry's projected $3T debt would require displacing roughly 27% of US jobs, making the path to profitability implausible even as OpenAI and Anthropic head toward IPOs.