The month of June signaled a fundamental change in the AI industry, moving from a period of subsidy to one of token scarcity. Major companies like Walmart and Uber began enforcing token budgets, making efficiency a top priority for enterprises. Anthropic's release of the Fable 5 model demonstrated a significant leap in coding ability but also introduced aggressive guardrails and a controversial 30-day data retention policy. This was compounded by a US export control directive that forced Anthropic to suspend access, leading to a broader licensing regime that delayed other models and pushed companies to explore open-weight alternatives. As a result, local AI and open-weight models became serious considerations for enterprises. The month also highlighted growing infrastructure challenges, with memory companies outperforming and a new problem called 'botsitting' emerging, where teams spend significant time managing AI agents. The host concludes that these changes are long-term and that the slower months of July and August present a unique window for organizations to get ahead.