Calling Higgsfield “just a wrapper” tells you surprisingly little about the economics of our business.
In over 40% of cases, we get to decide which model does the work for our customers.
As models become more interchangeable, the ability to move demand between them becomes a moat.
If you’re mapping where value accumulates in AI, follow who owns the customer relationship.
I went deeper on this with
@HarryStebbings on 20VC.