The foundation model companies are screwed. Only shovel makers (Nvidia, infra companies) and product companies are going to win.
(this isn't idle prognostication hinging on my personal hobby horse. I got skin in the game, I'm virtually certain I have the only AI client that is able to reliably do tool calls with open models in an agentic setting. llama.cpp got a massive contribution to make this happen and the big boys who bother, like ollama, are still using a dated json-schema-forcing method that doesn't comport with recent local model releases that can do tool calls. IMHO we're comfortably past a point where products using these models can afford to focus on conversational chatbots, thats cute but a commodity to give away per standard 2010s SV thinking)
* OpenAI's can but are a little less...grounded?...situated? i.e. it can't handle "read this file and edit it to do $X". Same-ish for Gemini, though, sometimes I feel like the only person in the world who actually waits for the experimental models to go GA, as per letter of the law, I shouldn't deploy them until then