This is explained by the simple idea that only a few companies are in an arms race to create a general purpose intelligence, and when they do all of the ai-powe

This is explained by the simple idea that only a few companies are in an arms race to create a general purpose intelligence, and when they do all of the ai-powered systems will naturally consolidate or “become flavors” of this GPI AI. So what substantive and defensible advantage is your money buying in the AI ethos when this effect is essentially inevitable? Answer: not much. So it’s very logical that the team, book of business and the tech platform itself are what are driving valuations.