All the competition now is VC dollars. And the last round that OpenAI and Anthropic landed will probably be their last at favorable rates.

Oxide just closed a funding round they took solely to be able to guarantee their longevity as a vendor in order to land sales. That feels a lot like a harbinger of the easy money drying up very soon, and trying to get in before the door is locked.

The valuations are ridiculous now, which means the expectations are as well. Expectations are expensive.