There isn't lock in and this is what scares them. Switching cost is SO LOW. Our team runs the 3 main models to cross check work without any issues.
replyThe benefits are real and our willingness to pay is real, but the valuations only support one and right now even the free cheap models might win. Thusly the collapse could still happen.
I think it will happen, like you say switching is easy and the only possible moat is to build a better model than your competitors at enormous expense.
replyThey’re all stuck in a cycle of spending huge amounts of money on training just to stand still (in business terms).
In the long run, it can’t continue because it doesn’t make any sense