alt Hacker NewsI generally agree with more competition thing, but in this case, you actually should want only one company to race ahead, and not a few.
With a few of these top companies together, you, as a nobody, has no one powerful on your side. But with only one company pretty far ahead, you now have other companies which obviously don't give a shit about you, but for saving their own asses, will align with you.
Both exploit, but "cartels" survive, not loners.
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The current state of affairs seems to be that there is 'one company racing ahead' – but it's a different company every few weeks/months. That seems like a pretty useful (unstable) equilibrium for the general public.
In a neck-and-neck race scenario, I imagine all of the competitors would invest heavily due to sunken costs. In a world with one company far ahead, their competitors have a higher chance of cutting their losses and forfeiting to the hegemon.
Cartels survive only if they are aligned.
There is no way Elon, Zuckerberg, Altman, and Amodei would ever agree on how AI should be deployed, scaled, and affect society. Their disagreements would lead to a crab-bucket outcome, rather than a shared acceleration outcome imo.
Also it is better if there is a public company at the frontier, at least I can invest in it, rather than 1000x gains going only to early employees and VCs who got in when the public couldn't