And when it is it will still get stuck in loops.

Argon is definitely competitive (used it over the past week or so).

It's pretty slow, but comprehensive. Caught a bunch of stuff that GLM-5.3 flash (which is incredible value) missed, and gave me good solutions for some irritating issues.

It's very slow (even by frontier standards), but it's hard for me to believe that Anthropic have much of a moat.

I mean, I like talking to Claude more than basically every other model (the open models are much more entertaining though, especially their thinking) but that doesn't feel like it warrants their valuation.

If they can successfully move towards owning their compute, and optimise it massively then they might do well, but it's a risky proposition from my perspective.