My thesis is the game is going to be won - if you define winning as a long term profitable business - by Google because they have their own infrastructure and technology not dependent on Nvidia, they have real businesses that can leverage AI - Google Search, YouTube and GCP - and they aren’t burning money they don’t have.

2nd tier winner is Amazon for the same reasons between being able to leverage AI with both Amazon Retail and AWS where they can sell shovels. I’ve also found their internal Nova models to be pretty good for my projects.

Microsoft will be okay because of Azure and maybe Office if they get their AI story right.

I just don’t see any world where OpenAI comes out ahead from a business standpoint as long as they are sharecroppers on other people’s hardware. ChatGPT alone will never make it worth the trillion dollar capitalization long term unless it becomes a meme stock like Tesla

Yeah that’s also about where I land.