So OpenAI are planning to go public at a valuation of 500b or possibly twice that.
I'm wondering if it's really worth that because obviously it isn't profitable at the moment and I feel that the field is so dynamic, with so many competitors e.g. Google which has huge amounts of data and a steady supply of chips, or the Chinese models that are built at a fraction of a cost, plus e.g. Anthropic which is of course very competitive on engineering.
It seems to me that if OpenAI try to monetise their market share will erode to cheaper or better funded companies like above-mentioned. I don't see that they have much of an ecosystem: as a developer I can move from one LLM to another and maintain all the external tools.
I also feel like if there are loads of companies and maybe the cost of training declines due to improvements in energy efficiency or something (e.g. nuclear-powered or solar energy powered data centres) then LLMs might become super cheap and commoditised that even not so big companies will train LLMs. I mean DeepSeek didn't take that much to train.
So yeah I'm wondering what you guys think?