OpenAI and Anthropic compete with Google and Meta in AI market race

OpenAI and Anthropic are facing intense competition from major tech companies like Google and Meta in the AI market. The landscape has shifted since OpenAI launched ChatGPT two years ago, with investors now questioning the sustainability of high costs associated with developing AI systems. Google recently introduced its Gemini AI models, which are still behind OpenAI's offerings. Meanwhile, smaller AI models are gaining traction in the enterprise sector as a cost-effective alternative to larger models, driven by advancements in open-source technology. OpenAI has raised $6.6 billion, increasing its valuation to $157 billion, but it is projected to incur significant losses. The competition is fierce, with companies needing to innovate and manage costs effectively to survive in the evolving AI landscape.