Models inherently lack a business model so they need to find one. They have monster cap tables and firepower but lack a durable core revenue engine. This leads them to go up and down the stack - cloud, api, coding, chips, devices, ad revenue, etc. -are all on the table. This is why you see them fighting with their own ecosystems and partners. Till ModelCo's find stable business models, the wars will continue. No one is safe.
Models inherently lack a business model so they need to find one. They have monster cap tables and firepower but lack a durable core revenue engine. This leads them to go up and down the stack - cloud, api, coding, chips, devices, ad revenue, etc. -are all on the table. This is why you see them fighting with their own ecosystems and partners. Till ModelCo's find stable business models, the wars will continue. No one is safe.
I love this post and agree with it but why post on X? Can’t someone get their own web page. Sigh.