At least some of the investors in this tech are hoping for a monopoly position. They'd like to outspend the competition to get an insurmountable lead, at which point they can set their price.

But, so far, competition remains fierce. Anthropic still has the best tools for writing code. That lead is smaller than it's ever been, though. But, honestly, Opus 4.5 is when it got Good Enough. If Anthropic suddenly increased prices beyond what I'm willing to pay, any model that gives me Opus 4.5 or better performance is good enough for the vast majority of the work I do with agents. And, there are a bunch of models at that level, now maybe including some discount Chinese models. Certainly Gemini Pro 3.1 is on par with Opus 4.5. Current Codex is better than Opus 4.5 and close to Opus 4.7 (though I won't use OpenAI because I don't trust them to be the dominant player in AI).

I often switch agents/models on the same project because I like tinkering with self-hosted and I like to keep an eye on the most efficient way to work...which models wastes less of my time on silly stuff. Switching is literally nothing; I run `gemini` or `copilot` or `hermes` instead of `claude`. There's simply no deep dependency on a specific model or agent. They're all trying to find ways to make unique features for people to build a dependence on, of course, but the top models are all so fucking smart you can just tell them to do whatever thing it is that you need done. That feature could probably be a skill, whatever it is, and the model can probably write the skill. Or, even better, it could be actual software, also written by the model, rather than a set of instructions for the model to interpret based on the current random seed.

Currently, the only consistent moat is making the best model. Anthropic makes the best model and tools for coding, but that's a pretty shallow moat...I could live with several other models for coding. I'll gladly pay a premium for the best model and tools for coding, but I also won't be devastated if I suddenly don't have Claude Code tomorrow. Even open models I can host myself are getting very close to Good Enough.