In the end, I think companies like OpenAI and Anthropic will be the nameless and faceless backend provider, and they will get decoupled from the users. At which point, if they haven’t already had their multi-trillion dollar IPO and everyone cashed out, I don’t think they’re going to.

Apple and Microsoft and other companies will own that front-end experience with the customer, and it’s not going to matter to most customers whose backend gets used for what.