There are some good things here:
First, we currently have 4 frontier labs, and a bunch of 2nd tier ones following. The fact that we don't have just oAI or just Anthropic or just Google is good in the general sense, I would say. The 4 labs racing each other and trading SotA status for ~a few weeks is good for the end consumer. They keep each other honest and keep the prices down. Imagine if Anthropic could charge 60$ /MTok or oAI could charge 120$ /MTok for their gpt4 style models. They can't in good part because of the competition.
Second, there's a bunch of labs / companies that have released and are continuing to release open mdoels. That's as close to "intelligence on tap" as you can get. And those models are ~6-12 months behind the SotA models, depending on your usecase. Even though the labs have largely different incentives to do so, a lot of them are still releasing open models. Hopefully that continues to hold. So not all control will be in the hands of big tech, even if the "best" will still be theirs. At some point "good enough" is fine.
There's also the thing about geopolitics being involved in this. So far we've seen the EU jumping the gun on regulation, and we're kinda sorta paying for it. Everyone is still confused about what can or cannot be done in the EU. The US seems to be waiting to see what happens, and China will do whatever they do. The worst thing that can happen is that at some point the big players (Anthropic is the main driver) push for regulatory capture. That would really suck. Thankfully atm there's this lingering thinking that "if we do it, the others won't so we'll be on the back foot". Hopefully this holds, at least until the "good enough" from above is out :)