It makes absolutely no sense that CEOs are still dumping billions on AI

Reddit r/ArtificialInteligence News

Summary

An opinion piece argues that pouring billions into proprietary AI research is irrational because open-source models like Qwen and GLM are now highly competitive, and any well-funded startup could replicate top models quickly.

I think after 4 years of AI hype, even layman can agree now that we’re not approaching AGI. More importantly the market has shown that any company could be competitive in the AI market and closed source models (like OpenAI 3 years ago) are no longer years ahead of others As a researcher almost everyone is using open source Qwen models for benchmarking now, and GLM/Kimi/Meta all has a shot in the leaderboard. meaning, there definitely isn’t the billions of dollars of value in AI RESEARCH. For example if a new company used a billion right now and poached some of the top Anthropic/OpenAI guys, they would likely have a competitive model in less than a year. meaning they spent like 100 billion less than all the other players in the market lol. Can anyone explain?
Original Article

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