They’re trying really hard to do something, no moat = regulatory capture + China scary + Pentagon biggest customer seems plausible.
Also: “we need to slow down, this is too dangerous” and then literally all AI CEOs, even Musk, publicly nodding felt so orchestrated. And then, the week after: “here’s GPT 6! here’s Opus 5.5!”
*Our competition
The numbers don't add up when there are 2-3 main companies in the market. Imagine when there's a hundred more and people have powerful enough gear at home to run models.
Yes, I think at some point demand for gpus and the like will normalize and regular folks will be able to afford RAM, SSDs and such. And when that happens, super big iron in the anthropic/openai backroom is toast.
The closest claim to this I could find was:
> the top ten stocks account for more than one-third of the value of the US Market Index, which contains 1,161 companies.
And while the top ten stocks are largely companies that work on AI, it's not all they do: Microsoft, Meta, Amazon, Apple...