Christian Catalini(@ccatalini):Token spend/value will split three ways: 1️⃣ Cheap generalist: commodity open weights (most volume, small % of total spend) 2️⃣ SOTA specialist: enterprise proprietary context + open weights (most spend) 3️⃣ SOTA generalist: closed labs (small % of total volume) To support crazy valuations, both Anthropic and OpenAI need to make enterprises comfortable building the specialist (2) with them instead.

Christian Catalini

@ccatalini

Founder w/roots in academia. Founder @MIT Cryptoeconomics Lab. Past: Co-Founder & Chief Strategy Officer, Lightspark. Co-Creator, Libra. Head Economist, Meta.

Joined December 2008

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Christian Catalini@ccatalini

2026.08.23 16:01

Token spend/value will split three ways: 1️⃣ Cheap generalist: commodity open weights (most volume, small % of total spend) 2️⃣ SOTA specialist: enterprise proprietary context + open weights (most spend) 3️⃣ SOTA generalist: closed labs (small % of total volume) To support crazy valuations, both Anthropic and OpenAI need to make enterprises comfortable building the specialist (2) with them instead.