OpenAI isn't even close to a monopoly, and if it did it has none of the structural advantages that a financial network has to allow it to defend a monopoly.
What a manifestly and obviously stupid article.
If you set up a financial network, you have to get a little box (often physical) in some saturation level of stores and gas stations and websites so that people will want a card that works on your network in the first place. Once you achieve saturation in both retailers and consumers, it becomes almost impossible for someone to build a competitor because nobody wants to invest to be able to accept a card nobody has, and nobody wants a card you can't use at the stores they want to shop at. There is a fundamental network effect that reinforces this monopoly.
OpenAI has literally none of these advantages. In fact it's the opposite, I think OpenAI has no defense as soon as better models come along. They've lost all of their best engineers already and that trend seems to be accelerating. Their new models don't work and are years behind, and meanwhile Anthropic and others are just as good if not better for most use cases.
What a manifestly and obviously stupid article.
If you set up a financial network, you have to get a little box (often physical) in some saturation level of stores and gas stations and websites so that people will want a card that works on your network in the first place. Once you achieve saturation in both retailers and consumers, it becomes almost impossible for someone to build a competitor because nobody wants to invest to be able to accept a card nobody has, and nobody wants a card you can't use at the stores they want to shop at. There is a fundamental network effect that reinforces this monopoly.
OpenAI has literally none of these advantages. In fact it's the opposite, I think OpenAI has no defense as soon as better models come along. They've lost all of their best engineers already and that trend seems to be accelerating. Their new models don't work and are years behind, and meanwhile Anthropic and others are just as good if not better for most use cases.