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It is February 3, 2026. The "AI is magic" party is officially over, and the market has sobered up. We have entered the "Digital Desert"—a landscape where hype evaporates instantly, and investors are asking only one question: "Where is the profit?". In this Deep Dive, we analyze the brutal reality of the post-bubble AI industry: *The Graveyard of Thin Wrappers:* Why startups built on top of GPT-4 vanished overnight and the phenomenon of the "Exit to Nowhere". *The Unit Economics Trap:* How "Agentic Loops" turned cheap tokens into massive liabilities, costing companies more in API fees than they earn in subscriptions. *Rise of the AI ROI Auditor:* Meet the new corporate "grim reapers" who are cancelling AI projects that don't prove immediate value. *Energy Crisis & Space Servers:* Why electricity has become scarcer than intelligence, forcing companies to launch data centers into orbit. *The Survivors:* Who is thriving? A look at Vertical AI, Agent Orchestrators, and the shift toward Sovereign Infrastructure. Join us as we explore the "Digital Necropolis" of dead bots and discover the profitable, boring infrastructure that remains.