I was a lot more worried about this when only OpenAI and Anthropic had truly great models - but now we also have Google and five different Chinese AI labs who are releasing open weight models that are in the same ballpark as the OpenAI and Anthropic ones. I think we'll be fine.
Very much agreed - right now someone might hold a few months of competitive lead, but open models catch up fast. Plus the lack of any real vendor lock-in means there's just not room for extortionate pricing.