_startup has no shot once incumbent comes to their senses_ is a claim that I think HackerNews of all places would be cautious in believing too fully.
Is it likely Google or others with large Research wings can compete with OpenAI? Very probably so, but I’m assigning a non trivial risk that the proverbial emperor has no clothes and incumbents like Google cannot effectively respond to OpenAI given the unique constraints of being a large conglomerate.
Regardless, time will provide the answer it seems in a couple of months.