We are still at the very start of seeing AI integrated into products and industry use cases. Even if AI capabilities stop improving and Altman's dreams of replacing workers don't pan out there is enormous economic potential here.

How much of that OpenAI can capture is an interesting question. But right now APIs for open-source models are commoditized while similarly capable proprietary models can charge ~3x the price. If the flagship models run on similar margins the API offering has decent profit margins. And if we stay in a triopoly (Anthropic, Mistral, OpenAI) it's certainly possible that profits stay high. It wouldn't be the first industry where that happens