1vuio0pswjnm7OpenAI's fall from grace as investors race to Anthropic
I don’t know how OpenAI screwed this up. They had the best tech, the largest installed base, the best brand recognition.
And somehow instead of prosecuting the lead in all areas, they got all hubristic and sloppy and just failed to iterate on the core product, while also failing to respond quickly when Anthropic showed that coding agents are the flywheel that makes the whole company faster.
It’s like they thought they had an unassailable monopoly and speedran to the lazy incumbent position, all in a matter of months.
Classic SV hubris. Talk to OpenAI people and they’re so convinced they’re untouchable, they don’t bother worrying about things like revenue, or product strategy. All they cared about was being the first to AGI. Well it looks like that isn’t happening soon enough. And now they have zero moat except brand recognition, which is quickly getting eroded.