It doesn't look commoditized to me, it looks subsidized. It looks like everyone is trying to be "the one" and running as competitively as possible until the others fail. Commoditized would imply these services are all going to mellow into a stable state and mostly compete on price. I don't think that's happening. These aren't paper clips, they are courting governments and trying to pull the ladder up behind them. That's why both Anthropic and OpenAI are preaching doomsday and trying to build a moat with regulations.