Businesses don't want to rent intelligence—they want to OWN it.
The AI endgame isn't paying $OpenAI per token. It's cost deflation + full stack control: orchestration, memory, data, fine-tuned models, the whole infrastructure.
This is massively bullish for open source. Companies will build proprietary moats around models, not lease them.
Frontier AGI? Reserved for a handful of governments and mega-corps. And here's the kicker: AI companies won't survive on API fees alone. They'll demand equity in what they help create.
Pfizer discovers a cancer cure using AI? $OpenAI isn't getting $25 per 1M tokens—they're taking 1-X% ownership of that drug.
The real value isn't in the model. It's in what the model builds. And whoever owns the output owns the future.
The AI endgame isn't paying $OpenAI per token. It's cost deflation + full stack control: orchestration, memory, data, fine-tuned models, the whole infrastructure.
This is massively bullish for open source. Companies will build proprietary moats around models, not lease them.
Frontier AGI? Reserved for a handful of governments and mega-corps. And here's the kicker: AI companies won't survive on API fees alone. They'll demand equity in what they help create.
Pfizer discovers a cancer cure using AI? $OpenAI isn't getting $25 per 1M tokens—they're taking 1-X% ownership of that drug.
The real value isn't in the model. It's in what the model builds. And whoever owns the output owns the future.