How are the VCs irrelevant?
It’s their massive money injections that allows these distortions to happen.
If people had been having to pay for the resources ChatGPT (etc) uses to use it then they wouldn’t have had the deleterious effects they have.
One definition of dumping: “Selling goods at less than their normal price, especially in the export market as a means of securing a monopoly.”
Isn’t that exactly what’s going on? Grow too big to fail fast so you’re the winner and people have to use you?
Edit: Also, the VCs that are just GPT wrappers deserve to die. The only people it hurts are the investors with more money than sense.