He understands that his products are about to be commoditized with no moat. The price of API calls to foundational models will be akin to the Airline industry. Essentially at cost with a small margin for profit and operating costs. All the value here is in building tailored applications for specific use cases.
Of course he understands. But it's hypocritical to be lamenting the lack of innovation when you are also actively working to block innovation and help create a monopoly for yourself.
He can certainly TRY to create a monopoly for himself. But Facebook, Google, Hugging Face, even NVIDIA won't let him. There are STRONG economic incentives to prevent any player getting a monopoly on a Foundational Model.
