AI Labs: Twilight of the Gods

🔥 What happened OpenAI and Anthropic are lining up for IPOs while their models sit just 1–2 generations ahead of open-source rivals. Meanwhile, enterprises are already capping token spend. 💡 Why it matters The frontier labs' moat is eroding: training runs cost $3B, but DeepSeek and others are closing fast. CFOs are now scrutinizing the new Opex line item — a red flag for a $200B token market. ⚡ Our take The labs preach safety, but their real crisis is mundane: they're too expensive for the mass market. Building gods requires believers — and the believers are getting nervous.