AI spend is nearing \$1tn and our seed investors suddenly want 'capital efficiency' again

Watching the market this week (big tech falling as AI capex keeps climbing, Canva cutting jobs) and the tone in our investor updates has changed overnight. Six months ago the advice was hire fast and grab the land. Now every reply is about runway and gross margin on inference costs. We're a 6 person team with about 20 months of cash. Are other early-stage founders changing their 2027 plans right now, or is this just noise?