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It is so massive that I can't help but think about what happened with Google Maps API a few years ago where they had extremely low pricing for years then hiked
by rtsil 4y ago
It is so massive that I can't help but think about what happened with Google Maps API a few years ago where they had extremely low pricing for years then hiked the price by 1400% once enough people were locked into applications based on that API.
- rchaud 4y agoThat's exactly what's going to happen. Low prices now, wait until your business becomes dependent on it, then jack it up to whatever you need it to be.
- sebzim4500 4y agoHard to see how businesses would become dependent on it, if it takes off then someone will run similarly capable models at a reasonable profit margin.
- motoxpro 4y agoDidn't happen with Google maps. Mapbox is definitely not 1400% cheaper. And many many people use Google maps before and after the price change. So I would disagree on both points.
- sebzim4500 4y agoGoogle maps has a bigger network effect and has a way bigger barrier to entry. You can train a new LLM for a few million. Good luck collecting map data on the entire world for that much.
- trompetenaccoun 4y agoObviously, that's business 101. Consumers should consider that ultimately all these cheap too-good-to-be-true offers cost them more than if they initially paid a bit more, but had more long term competition in the market. Amazon was the same way, they lost money for years but now have a quasi monopoly in many countries. There's a general trend towards such ventures supported by backers with deep pockets. And so the few extremely wealthy people get richer and richer.