ARTIFICIAL INTELLIGENCE: 2026 WILL SEE THE END OF THE BETA FACTOR AND THE RETURN OF MICROANALYSIS 2/3

12 Nov

ARTIFICIAL INTELLIGENCE: 2026 WILL SEE THE END OF THE BETA FACTOR AND THE RETURN OF MICROANALYSIS 2/3

The battle for AI supremacy is currently fought among five distinct strategic forces. OpenAI/Microsoft serves as the Catalyst and innovator, dominating API adoption with models like GPT-4o. Google is the Awakened Giant, leveraging its Gemini family and unmatched ecosystem (Search, Android) to compete on performance. Meta is the Open-Source Champion, offering its Llama models freely—a "scorched earth" strategy challenging proprietary dominance. New challengers like Anthropic (the safety-focused alternative) and Mistral AI (the European champion) complete the competitive landscape.

Key Points

  • The complex AI ecosystem: 5 years that changed everything
  • The situation at the end of 2025: A stratified ecosystem
  • The main players in the existing oligopoly
  • Anatomy of the ecosystem: the 3-layer pyramid
  • Stock market performance 2020-2025: the valuation revolution
  • Evolution of the main AI ETFs
  • The risks of the AI bubble bursting
  • AI strategy for 2026: the end of correlation
  • The return of rational microeconomic analysis