Posted on 28th Apr 2026 14:41:22 in
In the study of technology markets, theoretical arguments about competitive dynamics occasionally receive the rare gift of empirical confirmation that is both immediate and unambiguous. The rise and rapid expansion of OpenAI's image generation capability - from GPT Image 1 in March 2025 through GPT Image 1.5 in December 2025 to the newly released GPT Image 2 in April 2026 - constitutes precisely such a confirmation. In the span of thirteen months,
Posted on 20th Apr 2026 11:00:18 in Gen AI
The artificial intelligence industry is undergoing a structural reckoning. Venture capital, long drawn to the gravitational pull of AI-adjacent opportunity, poured hundreds of billions of dollars into a generation of start-ups whose fundamental value proposition rested on a precarious assumption: that the friction of accessing a large language model's raw API would remain high enough, long enough, to sustain a business. It did not.