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croes 3 hours ago

But why does it matter which program you use to consume the tokens?

The sounds like a confession that claude code is somewhat wasteful at token use.

airstrike 3 hours ago | parent [-]

No, it's a confession they have no moat other than trying to hold onto the best model for a given use case.

I find that competitive edge unlikely to last meaningfully in the long term, but this is still a contrarian view.

More recently, people have started to wise up to the view that the value is in the application layer

https://www.iconiqcapital.com/growth/reports/2026-state-of-a...