Seeing the same setup in 2008 and now. Enjoy your subsidized $200/month codex because its going to go up in the future.

https://news.ycombinator.com/item?id=46439545

Both numbers are fictional. No one really expects any of this to be true.

The people who claim to believe this are simply lying.

The great physicist muttered that he "could calculate the motions of the heavenly bodies, but not the madness of the people"

There seems to be a lot of madness happening in the world again as well. A lot of OpenAI claims make no sense except if we consider the world to have gone mad.

The bubbly nature of openAI and just doing whatever they think like doing with 0 regards to anything or everything including financials is a form of madness.

I was reading another comment and actually opened up the Intelligent Investor book to read the quote from there. I highly recommend that book although truth be told that I haven't read more than the first 50-100 pages as I quickly felt like passive investment is a great vehicle personally.

Will it continue to transform the economy radically? Yes.

Will that translate to the model-makers somehow capturing the entire value of the transformed economy? No.

There were a few key moments that revealed this. When OpenAI initially declared "there is no moat," I wasn't sure whether to believe them. GPT 3.5 and 4 were so much better than the competition, it felt like them saying that they had no moat was some sort of attempt to avoid regulation or scrutiny. But then, lo and behold, Claude and Gemini caught up; there really was no moat.

But up until then, while it was clear that there was no moat around OpenAI, it was unclear if there was a moat around big tech. Mistral was meh. Even Meta's were meh. We also had no idea how much these models actually cost to run. It wasn't until the "DeepSeek moment," and especially once these open source models actually started being hosted on third party services, that it became clear that this was actually a competitive landscape.

And as has already been demonstrated, because the interface for all of these models is just plain language, the cost of switching models is basically non-existent.