When I wrote this, my main thesis was companies can't charge enough to make money serving these models. The margins have improved, but I don't think they've broken even yet. Hard to get those numbers until we get public financials from OpenAI or Anthropic. Still waiting for the fall.
I just want to write this prediction down to see if it comes true. I suspect OpenAI and Anthropic will end up the Netscapes of this wave. First-movers with early success, that ultimately fail to be replaced by a new wave on stronger foundations.