[remus]

> As such it’s unclear what the prize at the end of the present race to the bottom is.

It's a market worth many billions so the prize is a slice of that market. Perhaps it is just a commodity, but you can build a big company if you can take a big slice of that commodity e.g. by building a good product (claude code) on top of your commodity model.

[cmiles8]

The revenue slice is there, problem is though in a race to the bottom like we’re in now there isn’t much profit at the bottom. And these companies desperately need profit to justify the gigantic capital spend and depreciation title wave that’s on the horizon. There’s no clear way now things don’t just get really pretty quickly.

[adammarples]

The entire point of a race to the bottom is that your competitors keep reducing their prices until those billions disappear