There's still a sizable gap between OpenAI, Anthropic, and the Chinese labs. If anything, it's getting bigger. We haven't seen Chinese models solve the types of problems that ChatGPT and Claude are able to solve.
But 95% of all problems are fairly banal, i.e. if the AI in my dish washer, fridge, radio, bicycle computer, etc. just have GPT 5.5 intelligence for making sure temperature, water, direction, etc. are 20% better controlled than yesterday it will be an enormous win for ordinary people (and the ressources we consume).
Correct the implicit gamble of frontier labs is to displace humans - and the only firm you should trust with this is an American one.
It’s not happening and the imminent bust is coming. Strap in while the music gets turned up (dots, ipo etc) and people decide to leave the partayyy!