Personally I think foundation models are for the birds, the cost of developing one is immense and the time involved is so great that you can't do many run-break-fix cycles so you will get nowhere on a shoestring. (Though maybe you can get somewhere on simple tasks and synthetic data) Personally I am working on a reliable model trainer for classification and sequence labeling tasks that uses something like ModernBERT…
Because personally I'm not a product/GPT wrapper person - it just doesn't suit my interests.
So then what can one do that's meaningful and valuable? Probably something around finetuning?