BUILDING LLMS IS PROBABLY NOT GOING BE A BRILLIANT BUSINESS

Summary from the TLDR AI newsletter

LLM makers like OpenAI face significant challenges due to industry structure, notably NVIDIA's pricing power as the key chip supplier and high buyer price sensitivity and competition. Many AI companies raise substantial capital but struggle with profitability, similar to historical tech firms like Netscape. Despite this, the technology itself may still advance. AI businesses might succeed by leveraging existing models rather than developing new ones.