Legal AI Harvey's margins went from +50% to -50% in 6 months on frontier costs

Bloomberg: https://www.bloomberg.com/news/articles/2026-09-21/startups-...

Does someone have more insight here? I thought this would happen sooner, and this is the first public sign I saw.

Token usage growth + reliance on the quality of frontier models should heavily eat into your margins?

https://stnwl.ai/ actually achieves what that clown show Harvey is incapable of. Structurally, another $5 billion will not give the Stonewall citation spine to the Harvey slop wrapper