Comment by ulfw
And the whole AI craze is becoming nothing but a commodity business where all kinds of models are popping in and out, one better this update, the other better the next update etc. In short - they're basically indistinguishable for the average layman.
Commodity businesses are price chasers. That's the only thing to compete on when product offerings are similar enough. AI valuations are not setup for this. AI Valuations are for 'winner takes all' implications. These are clearly now falling apart.
When you have more users you get more data to improve your models. The bet is that one company will be able to lock in to this and be at the top constantly.
I'm not saying this is what will happen, but people obviously bet a lot of money on that.