Companies with billions of $, stopping R&D on the most revolutionizing technology/ breakthrough is something I can’t understand. I do understand there’s an AI Race to win, and that is with transformer and current LLMs architectures, but if research could find a better, more efficient approach they would re-shape this race, lead it, or even dominate it.
But is it a race to zero? Maybe AI will make very expensive things (eg software engineering) very cheap, but there will be enough competition that the margins are tiny and don't actually justify putting crazy dollar amounts into research
They are losing tons of money on it. Simple as.