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I pointed that out in the caveats since that happened with Google Maps, but in practice I don't think it'll happen (or if it happens it will only be a slight in
by minimaxir 4y ago
I pointed that out in the caveats since that happened with Google Maps, but in practice I don't think it'll happen (or if it happens it will only be a slight increase) since that would seriously upset its users. Especially since the low price was likely due to competition anyways.
In the case of Google Maps it was effectively a monopoly.
- iampims 4y agoBeing a monopoly is what OpenAI is aiming for.
- minimaxir 4y agoSpecifically in the case of Google Maps it was a de facto monopoly, and thus has full control of pricing, due to the lack of good competitors (OpenStreetMap doesn't count). For LLMs, instead competition is very fierce which will pressure down prices such as here with the ChatGPT API.
- gkbrk 4y agoThe Google Maps pricing change was the best thing that happened to other map providers. I've never seen so many websites and apps using OpenStreetMaps, Yandex Maps and Apple Maps. That pricing change was extremely short-sighted, they thought no one would switch but their competitors were ready with easy to integrate APIs and much better pricing.