You say "keep competing"... the hyper agile frontier labs and Google/MSFT are practically one and the same via circular financing arrangements. Competition on the frontier is kinda a farce, what matters is who comes out of the modern-day Darien scheme as a winner.

At worst Google just need to keep the lights on until the frontier labs file for bankruptcy under the weight of that >$1tn debt they've built up paying for FAANG's data centers. Then Google walks away from all of this with the the best remaining models, best R&D lab, and several hundred billion dollars in infrastructure on their balance sheet.