what if there’s only one real winner in all of AI?

not two. not three. one.

$47 billion ARR. profitable in five years. already worth more than OpenAI in private markets. Claude growing 255% QoQ on web traffic while ChatGPT stagnates.

is this already over before the IPO even happens?

Michael makes a pretty convincing case that it is. great read Michael Spencer and Ilia Karelin 👏