I don't understand the market. By most metrics they don't even have the best LLM, Anthropic do, so why are investors valuing them so highly? Is it because of the strength of their brand?
All of Meta's products are increasingly dependent on AI for engagement and ads. Their investments in the space are first and foremost for the benefit of the company itself. So no, they are not going away any time soon.
So I would say they have a solid grip on the market, and a good position to keep it with minimal improvements.
Most users don’t care about the best LLM, they will not switch. I mean they probably are not even aware they are using OpenAI because it is just integrated into Office or Siri…
Only developers care about the academic LLM benchmarks and even fewer will switch all their code to a different LLM provider and spend the time implementing it.