Silly question: how can OpenAI, Claude and all, have a valuation so large considering all the open source models? Not saying they will disappear or be tiny (closed models), but why so so so valuable?
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That being said, they have a user base and integrations. As long as they stay close or a bit ahead of the Chinese models they'll be fine. If the Chinese models significantly jumps ahead of them, well, then they are pretty much dead. Add open source to the mix and they become history.