> This sure looks like a race to the bottom

Always has been. My prediction is that both OpenAI and Claude will go bust unless they deliver a killer product. And unlike scrappy startups, they have a pretty serious deadline because creditors will come a-knockin'.

There's little to no functional difference between Kimi, Qwen, Sol, Opus, etc. All flagship models are within like 1-5% of each other and the real moat will be what's always been the hard part: making a good product.

You do it if you can afford to do it and your competitor can't.