Wonder when Anthropic will IPO. I have a feeling they will win the foundation model race.

Could be never. LLMs are already a commodity these days. Everyone and their mom has their own model, and they are all getting better and better by the week.

Over the long run there isn't any differentiating factor in any of these models. Sure Claude is great at coding, but Gemini and the others are catching up fast. Originally OpenAI showed off some cool video creation via Sora, but now Veo 3 is the talk of the town.

OpenAI still has the largest amount of market share for LLM use, even with Claude and Gemini recently becoming more popular for vibe coding.