Chamath Palihapitiya says the AI model business has no lasting advantage, a warning that comes as Anthropic and OpenAI both circle the public markets.
On the latest All-In podcast, the Social Capital chief said the real business model has moved to the application layer above the model and the infrastructure layer below it.
The catalyst is Moonshot AI's Kimi K3, an open-weight Chinese model that reportedly matches frontier performance at a fraction of the cost.
Chamath says once a lab publishes its numbers, rivals match or beat them within weeks.
Commoditization that used to take five to ten years (in other industries) is now taking months.
