What OpenAI has is the know-how in developing new models and training them efficiently. That's a kind of value they can provide even in a world where open-sourced local models are in common use.

Sure but so do like a dozen other companies. Given that models bump past each other every few months, I haven’t seen anything that says they have any kind of competitive advatange.

Considering their budget, their research is a bit underwhelming. At this point, anybody is able to match their models. No technology moat whatsoever despite infinite money glitch.

So they become a consultancy?