What happens if the bubble bursts - can we still use all the powerful models to create all this code? Aren't all the agents effectively using venture capital today? Is this sustainable?

If I can run an agent on my machine, with no remote backend required, the problem is solved. But right now, aren't all developers throwing themselves into agentic software development betting that these services will always be available to them at a relatively low cost?

If the bubble bursts we club together to buy one of those big GPU servers (now available at rock bottom prices thanks to the bubble bursting) and run a shared instance of GLM-4.7 (the current best-at-coding Chinese open weight model) on it.