@drahardja What do you think is causing it? It looks like some were very speculative prototypes without the ability to deliver. (Devin is a prime example.) I also see a similar situation to Instagram being acquired and the investors behind other photo apps realizing they could not compete and backing out. Right now it looks like the big players have sucked up nearly all of the oxygen and the limits we’ve known about LLM/GenAI have not been overcome as quickly as the overly optimistic people said would happen. I can see why a lot of investors have decided the party is over.
Another aspect is that I think many are finding the tasks they want to use with AI can be done on a computer without the cloud which makes the massive investments in cloud infra terrible waste of money and resources. That calculation must be happening in some startups.