Oh no no, they have NOT been riding this wave well.

Microsoft and Google have each invested like 200 billion into AI crap and Google wound up with a MUCH better product.

Apple has invested like 10% of that, choosing instead to outsource. IMO they are the real winners here (of the previously-established tech giants)

My prediction is that Anthropic will "win" the AI arms race in the US but it won't really matter because Deepseek continues to one-up them and OpenAI's bankruptcy will destroy the economy anyway