Yeah this is a key realization that I suspect most investors aren’t privy to. With proven viable local, accessible, scalable, and energy-efficient 2TB infiniband clusters and routed multi-agentic stacks of open source models constantly nipping at their heals, achieving longterm market dominance for any of these AI developers is simply a tenuous prospect.

The only legitimate option is to maintain a meaningful lead at the cutting edge of performance and/or offer a superior efficiency/value proposition via SLA guarantees. Beyond that, the brute force options are limited to things like short-term market manipulation (such as outbidding everyone else for existing talent pool, chip manufacturing capacity, etc) or suppression of competition via regulatory capture.

In every case, above or below board, there is no permanent longterm global breakaway strategy, only treading water as long as investors are willing to inject enough funds to temporarily outrun market efficiency.

Once that reality sinks in… pop.