OPEN AND CLOSED MODELS ARE ON DIFFERENT EXPONENTIALS

Summary from the TLDR AI newsletter

A lot of businesses want to switch to open models, but these models aren't yet good enough in out-of-distribution tasks. However, they will eventually catch up. The open model ecosystem will be far more diverse and numerous than the closed lab oligopoly. The total market value of the open model economy will dramatically exceed the cumulative value of OpenAI and Anthropic.