This is the perfect opportunity for anyone who wants to boycott Anthopic and OpenAI!Anyone who cares about the future of Ai has no excuse to continue relying on companies that want to have a monopoly on intelligence.
In this case, competition and information-sharing is driving intelligence to become a commodity, with ever shrinking margins above compute+hardware. If this is the case, the incumbents can't recoup the many billions they have borrowed.
Cornering a market makes a winner, a winner who can charge large margins on a product you don't have an alternative to.
However, the point you might be thinking of is "competition is good for consumers" which is true. Thiel's sentiment was "competition makes companies into losers", as they become low-margin commodity factories, which is also true.