alt Hacker News> OpenAI, Anthropic, etc are in a race to the bottom
There's a bit of nuance hiding in the "etc". Openai and anthropic are still in a race for the top results. Minimax and GLM are in the race to the bottom while chasing good results - M2.1 is 10x cheaper than Sonnet for example, but practically fairly close in capabilities.
> There's a bit of nuance hiding in the "etc". Openai and anthropic are still in a race for the top results.
That's not what is usually meant by "race to the bottom", is it?
To clarify, in this context I mean that they are all in a race to be the lowest margin provider.
They re at the bottom of the value chain - they sell tokens.
It's like being an electricity provider: if you buy $100 or electricity and produce 100 widgets, which you sell for $1k each, that margin isn't captured by the provider.
That's what being at the bottom of the value chain means.