Their Orion glasses are apparently mindblowing in fidelity as well as the lightness of the glasses. Someone will absolutely make the smart glasses paradigm work so that we don't need to carry around phones anymore, and Zuck is racing to be first. This is because he lost out on the platform wars and was at the mercy of Apple and Google; remember Apple's privacy update that killed much of Meta's revenue? Zuck doesn't want a repeat of that by owning his own platform.

That's a bit different though. META invested in a product that, as of now, as very little competition. The QUEST is sold at a slight loss but at least at an approachable price and to a volume that makes them the clear leader in the market at the moment. Moreover, their OS is open source. Clearly, what they want is to sell enough VRs to get the monopoly on the ecosystem and its apps (they basically want to make an Android play store for VRs). You may argue they are far but at least that's a clear business model.

OpenAI's business model was literally "we don't have one: we'll make AGI and we'll let AGI tell us how to make money". This is so idiotic it's not even a scam. xAI will compete on the same plane field. Not sure about Anthropic: they seem a bit more sane.

Apparently not. Apparently xAI can catch up in a year. And we already saw what happened with DeepSeek.

What does the scenario look like where everyone else gets eaten alive?

Every bubble has a narrative.