They aren't going away but for some they may become prohibitively expensive after all the subsidies end.
I do think coding with local agents will keep improving to a good level but if deep thinking cloud tokens become too expensive you'll reach the limits of what your local, limited agent can do much more quickly (i.e. be even less able to do more complex work as other replies mention).
> They aren't going away but for some they may become prohibitively expensive after all the subsidies end.
Even if inference was subsidized (afaik it isn't when paying through API calls, subscription plans indeed might have losses for heavy users, but that's how any subscription model typically work, it can still be profitable overall).
Models are still improving/getting cheaper, so that seems unlikely.