there will always be higher valuation for company inventing model+1 . no one wants to use latest_model -1 when their competiton is using latest_model.
I get it. These models can be powerful. But will they be useful is a different question.
i would argue that no one knows answer to that yet.
Personally, I am good with the current version of Opus. It is already so strong for my uses that I can't really tell much difference with Fable.
For me, current Opus represents the model strength that can be commoditized. I am not splitting the atom that I need something much smarter.
I have gone completely risk off in the market the last month because of this. Commoditized at the low end and regulation is not going to become less of a problem as the frontier models get stronger.
I suspect 10 years from now we will look back at trillionaire Elon as an obvious tell we are the peak.