Until there is a sustainable, profitable and moat-building business model for generative AI, the competition is not to have the best proprietary model, but rather to raise the most VC money to be well positioned when that business model does arise.

Releasing a near stat-of-the-art open model instanly catapults companies to a valuation of several billion dollars, making it possible raise money to acquire GPUs and train more SOTA models.

Now, what happens if such a business model does not emerge? I hope we won't find out!

Explained well in this documentary [0].

[0] https://www.youtube.com/watch?v=BzAdXyPYKQo

It’s funny how future money drive the world. Fortunately it’s fueling progress this time around.