Current closed models are typically around 5x overpriced, some up to ~20x.

So prices have quite some room to drop if we see it happening. But I'm actually against price wars. It makes it much more likely that the AI bubble pops and in that scenario China wins by default. In some sense this is expected by Sam and OpenAI. They have been the most reckless so far. Now they have been driven into a corner and are only worth 60-70% of Anthropic and are behind in model development. This is not a si — via @scaling01

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