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For me the point when things started to went south is when they swiched from gpt4 to phind-70b as driver behind their answers.

I would rather have exected they make a deal with OpenAI or Anthropic, ... and use one of their models at discount while improving the search functionality.

Got a "please come back we'll give you a discount" email a week or so back. I guess that was last attempt to stabilize things.
Phind shut down because its small team failed to listen to the community, with minimal engagement from Michael on Discord. Michael is known for a "vibe-heavy" work style, making grand promises but missing every deadline. He proved to be smooth-talking, using sweet words to placate users, a pattern that was glaringly obvious to anyone in the community. Furthermore, the product was largely an API wrapper with a lagging model. Their strategy was highly inconsistent, switching from Qwen to GLM in a short time, showing a complete lack of direction.
Man this one hurt, I try to avoid AI, but felt this project was really helpful. Someone else commented about how this maybe unsustainable without Mega Corp funding and they maybe right. It's scary that we are losing more and more alternatives to the Google's of the world...

Ouch.