LLMs are becoming smarter, but there is value they will never reach. Where is it?

▤ Summary

This piece argues that LLMs are getting smarter, but they still do not capture the full value in the AI stack. It highlights the shift from model-level differentiation toward application-layer products, infrastructure, and workflow-specific software. The article also points to strong vendor activity around AI tooling, coding, and enterprise use cases, with examples across startups and large platform players. It suggests that buyers should focus on where AI actually delivers measurable business outcomes, not just model performance. The core message is that software value will increasingly move into products built on top of foundation models.

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