One thing I think about a lot is how these companies metered coding / work. They want the economy to go through them.

I just don’t see how the economy tolerates that. We’re already seeing people getting more conservative about their token spend. Even if Chinese open models went away, the pressure to create something else and put price pressure on the current duopoly will just intensify.

I see these companies are scrambling to find whatever moat they can. It’s not a good sign for them if regulatory capture becomes that moat.