There are a lot of hats in the ring. I don't see Alibaba shutting down anytime soon. They make qwen.

Deepseek is doing valuations right now.

Moonshot is just getting started. Same with AMD. mistral is still working hard at it and has a customer base.

An Egyptian company dropped their first small model this month, Horus.

There are enough geopolitics at play that I expect this to be a very different outcome from typical startup market dynamics. If anything j worry about the big us labs longevity. The world is fed up with US tech it seems, and even for us citizens it's questionable the frontier labs have their interests in mind as they risk the entire economy.