I always grew up hearing “competition is good for the consumer.” But I never really internalized how good fierce battles for market share are. The amount of competition in a space is directly proportional to how good the results are for consumers.
Only if you take consummer electronics out of the equation, because this AI arm race has wrecked havoc in the market for consumer GPUs, RAM, SSD and HDD.
If you take the arm race externalities into account, I'm very much unconvinced that we're better off than last year.