THE MODEL IS THE PRODUCT

Summary from the TLDR newsletter

Generalist scaling is stalling, opinionated training is working much better than expected, and inference costs are in free fall. Investors have been betting on the application layer, which is likely to be the first to be automated in disrupted in the next stage of AI evolution. AI companies that form a complete upstream and downstream industrial ecosystem will not need to make their own applications. Big labs will likely shift partnerships from API customers to contractors involved in the earlier training stage.