There is a ton of money riding on the hope that the exponential curve the Big Three Labs are on will end soon
Economist Ethan Mollick suggests that significant financial investments are predicated on the belief that the rapid, exponential progress of major AI labs will soon plateau. If this slowdown occurs, it could allow smaller, open-source models to become competitive, give businesses more time to adapt, reduce costs, and generally moderate the pace of AI-driven societal change. However, Mollick notes that despite the expectation, this anticipated deceleration has not yet materialized. AI
IMPACT Suggests a potential shift in AI development dynamics that could impact market competition and adoption rates.