I mean, I agree that a lot of money was spent training some of these models - and I personally wouldn’t invest in an ai based company. The economics dont make sense.

However, worst case, self hosted open source models have got pretty good, and I find it unlikely that progress will simply stop. Diminishing returns from scaling data yes, but there will still be optimizations all through the pipeline.

That is to say, LLMs will continue to have utility regardless if Open AI and Anthropic are around long term.

Some people are finding value in LLMs, that doesn’t mean LLMs are great at everything.

Some people have work to do, and this is a tool that helps them do their work.

The ‘cloud’ was a pretty big thing though… everyone used to self host, now only some self host.

AWS, GCP, Azure make a lot of money

Yeah exactly!

Could this be attributed to the driver mix changing?

It’s quite possible tesla drivers are worse in 2025 than 2024