Thoughts on AI model consolidation by year-end

I'm giving it a 65% probability that we see at least one major acquisition or significant strategic partnership between a tier-one foundational AI model developer and a large tech incumbent (not already heavily invested in foundational models) by Q4. The sheer capital burn and race for market share, combined with regulatory scrutiny on existing giants, suggests some will opt for strategic alignment over continued independent, unfettered growth to secure their place.