Typically tech companies that end up with fat profits are near-monopolies with dominance in market share or with moats on their expense side, like Apple's vertical integration or Amazon's logistic network.
What's the scenario look like where multiple LLM providers like Anthropic and OpenAI both live up to their valuations? Claude being 1.1x better at code and OpenAI 1.1x better at some other stuff doesn't seem like enough differentiation to do it.
What's the scenario look like where multiple LLM providers like Anthropic and OpenAI both live up to their valuations? Claude being 1.1x better at code and OpenAI 1.1x better at some other stuff doesn't seem like enough differentiation to do it.