That's one interpretation, but I think people are simply having amnesia of the past 2 years.

The better interpretation is Google completely commoditized and killed ChatGPT's initial chat product. If you think about it, Google right now has Gemini Flash running on single TPU instances at massive scale serving almost every android device. I use it every day and it's more capable than GPT-40.

This literally forced Anthropic and OpenAI to come up with new use cases and revenue streams such that now we think the product is actually agentic coding.

I use Gemini Flash every single day without paying a dime. It's the one LLM call on the most, but GPT-6 and Opus are the ones I use the most tokens on.