The current wave of model competition has escalated to pricing and chips.
Scrolling through the model updates tonight was genuinely mind-boggling.
My current judgment is straightforward: this round is no longer merely a wave of model releases. It involves three fronts working simultaneously—model capabilities, API pricing, and chip stack ownership. Anyone who focuses on only one of these aspects will likely have a biased view. And it is precisely because these three dimensions are intertwining that the large model sector appears so intensely competitive.