> You have way less transformative companies being valued north of $100b.
Transformative maybe, but valuation shouldn't be about transformative, it should be about profitable. This is a lot more doubtful.
Transformative maybe, but valuation shouldn't be about transformative, it should be about profitable. This is a lot more doubtful.
My assumption is that LLMs would be ubiquitous right now, just GPT4, not even GPT5, if inference cost is low enough.
Therefore, I expect the market for LLMs to expand exponentially in the future once inference cost is solved.
I don't know. No one knows. It's just a thought. They could be on the verge of GPT5 and will continue to dominate for years to come? They have developed an extremely cost effective LLM delivery platform that open source can't compete against? They have a huge backlog of customers that they can't serve yet because of AI chip shortage?
But the pattern of history is pretty clear on this: it's not the first movers that capture the value. In this specific case the value seems to be captured quite well by open source models too.