The battle of AI large models ultimately comes down to cost—who has more money, who can achieve the lowest cost, and who wins. Here are the likely winners: DeepSeek: Rich, silently pushing hard on AGI Gemini + Doubao: Rich, has users, has GPUs Grok: Super rich, has users, has traffic GPT/Claude: Should be able to make it The rest will probably struggle—stock prices might crash, funding won’t last until AGI, costs won’t come down, and the money will burn out, etc.