I don’t follow the economics of AI at all, but my model is that Google (Gemini) has oceans of money and would therefore be less vulnerable in a crash, and that OpenAI and Anthropic have rich patrons (Microsoft and Amazon respectively) who would have the power to bail them out. xAI is probably safe for the same reason, the patron being Elon Musk. China is a similar story, with the AI contenders either being their biggest tech companies (e.g. Baidu) or sponsored by them (Alibaba and Tencent being big investors in “AI 2.0”).
I don’t follow the economics of AI at all, but my model is that Google (Gemini) has oceans of money and would therefore be less vulnerable in a crash, and that OpenAI and Anthropic have rich patrons (Microsoft and Amazon respectively) who would have the power to bail them out. xAI is probably safe for the same reason, the patron being Elon Musk. China is a similar story, with the AI contenders either being their biggest tech companies (e.g. Baidu) or sponsored by them (Alibaba and Tencent being big investors in “AI 2.0”).