AI COMPANIES ARE JUST SAAS COMPANIES

Summary from the TLDR Founders newsletter

Some companies win by having better technology, like Google in its early days. Google is doing something that's genuinely hard to copy. This is what OpenAI was like at first with GPT. However, technology always spreads. Now OpenAI's lead is eroding; its models aren't that special anymore. So like most SaaS companies, it has shifted to competing on features and experiences instead. That's the real lesson of OpenAI: AI products win the same way other products do.