I'm even worried about my AI project because these larger companies just have so much more in terms of resources. Unless I find some novel methodology that's difficult to replicate without its explicit capability my product is dead in the water.
It also decreases in my opinion, the likelihood and value of acquisitions of startups, at least those easily substituted with an LLM.
I think there is strategy or tangents where LLMs aren't as effective, but these are harder to demo or convince investors of. it's a tricky time.