> All the innovation is coming "top-down" from very well funded companies - many of them tech incumbents

The model leaders here are OpenAI and Anthropic, two new companies. In the programming space, the next leaders are Qwen and DeepSeek. The one incumbent is Google who trails all four for my workloads.

In the DevTools space, a new startup, Cursor, has muscled in on Microsoft's space.

This is all capital heavy, yes, because models are capital heavy to build. But the Innovator's Dilemma persists. Startups lead the way.

And all of those companies except for Google are entirely dependant on NVIDIA who are the real winners here.

At what point is OpenAI not considered new? It's a few months from being a decade old with 3,000 employees and $60B in funding.