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I do think the consumer market might still look depressing in upcoming years, but I don't think there will be one AI company left. I mean, even if we don't take it literally, like I also wanted to mention how OpenAI gets to build its fabulous data centers while Anthropic just signs partnerships, and both LLMs (ChatGPT and Claude) are good and competitive. And don't forget about FOSS models like DeepSeek.
There is something those companies aren't loud and clear about, like they don't talk about architectural bottlenecks, that what they need is not scaling but an architectural shift. And once photonics enters the game, should we expect the prices[*] to drop or will they justify it by even more compute power.
[*] edit: I mean LLM pricing (tokens), not chips