This line: "this is my main argument against the valuation of frontier labs. It’s not that AI won’t create that much value, it’s that they won’t capture it." That is a very astute and concise way to explain everything about how the frontier labs are behaving and how they're trying to push more people to pay token rates for the best models. At the current subscription prices ($100 or $200 a month for a generous, thoug…
It would have been an interesting experiment to charge more for it right away and see what the market would bear, rather than tease it for long enough for it to be presumably superseded any time now by whatever is next.