The Chinese have entered the race, they've built a model for 5% of the cost of OpenAI and ChatGPT that is better in a lot of testing:
The biggest impact of this though, is that the model is open source. So we could see LLMs move towards being commoditized, that is anyone will be able to build a decent one quite easily and cheaply. So there's no moat around OpenAI or other start ups that have proprietary technology they thought would give them an edge over the others.
Chinese researchers just built an open-source rival to ChatGPT in 2 months. Silicon Valley is freaked out.
DeepSeek-R1, a new reasoning model made by Chinese researchers, completes tasks with a comparable proficiency to OpenAI's o1 at a fraction of the cost.
www.livescience.com
The biggest impact of this though, is that the model is open source. So we could see LLMs move towards being commoditized, that is anyone will be able to build a decent one quite easily and cheaply. So there's no moat around OpenAI or other start ups that have proprietary technology they thought would give them an edge over the others.