Local models are 6-12 months behind the “frontier” models. This mean anthropic, openai, and google don’t have a moat, they’re on a treadmill running to stay ahe

Local models are 6-12 months behind the “frontier” models. This mean anthropic, openai, and google don’t have a moat, they’re on a treadmill running to stay ahead. Treadmills don’t justify their valuation.