Even if it is transformational, who will realize the gains? AI service providers have no moat. We can all just run LLMs locally for a fraction of the cost. The

Even if it is transformational, who will realize the gains? AI service providers have no moat. We can all just run LLMs locally for a fraction of the cost. They're essentially just throwing VC money at training to do free work for all of us. I have a similar attitude towards facebook today or bell labs a long time ago: they are doing all of this R&D work that will benefit everyone except themselves.