I find the market way more open and competitive than dot-com. Everyone is throwing up a chatbot or RAG solution. There are tradesmen and secretaries and infinite 19 year olds who are now able to wire together a no-code app or low-code bot and add value to real businesses. The hyper scalars are making some money but absolutely don't have this locked up. Any Groq or Mistral could wander in and eat their lunch, and we haven't really started the race yet. The next decade will be ridiculous.
Could not have said it better. Nobody has won the race yet and things are getting better. Building a foundation model is not cheap but not out of reach still for a startup.