AI isn't the internet. It's not going to be for everyone. What we're watching right now is an industry figuring out what it actually is. The consumer market is nice to have. Department of War discretionary money is even better.
OpenAI raised $120 billion and killed a consumer product in the same week. The company matured and realized where the real money is. Palantir and Anduril already proved it. There is enormous demand for autonomous systems, battlefield AI, and drone intelligence at the Department of War level. Public agencies have deep pockets, long contracts, and no price sensitivity.
Every major AI company is going to be chasing some version of that contract over the next two years. The consumer subscription stays, same reason HD Supply or Grainger still sells to the occasional homeowner. But that's not the business. The business is the GC account tied to a $500 million public contract. Anyone valuing these companies on subscriber counts is reading the wrong line item. I discuss industry, materials, energy, and more: https://www.breakingmetrics.com
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