[po]

as long as the business model is:

- users want the best/smartest LLM

- the best performance for inference is found by spending more and more tokens (deep thinking)

- pricing is based on cost per token

Then the inference providers/hyperscalers will take all of the margin available to app makers (and then give it to Nvidia apparently). It is a bad business to be in, and not viable for OpenAI at their valuation.

[littlestymaar]

What I'm saying ils that I'm not sure the first point is true.

I think they all have become sufficiently good for most people to stick to what they are used to (especially in terms of tone/“personality” + the memory shared between conversations).