We are clearly in an AI gold rush and there is a surge of startups building their operations heavily reliant on third-party APIs (mainly OpenAI). It feels like the earlier concerns have gone out the window, probably due to the urgency to be first. I totally get it and have been working on my personal projects too, just wondering what happens if access it shut off.
I guess my question is, how are you mitigating these risks today? I have been wondering and I guess curious about strategies, experiences, and any advice. Maybe we'll see some competition from Google if they open up their APIs.
If a business starting up is 90-100% dependent on a single supplier for a key part of their product and you are one of hundreds of their customers, then you can't mitigate that. Its just not a good business model. Maybe the outcome is to exit first in that scenario, essentially passing the dependence onto someone else while you walk away with bags of money.
So from a business perspective: don't put all your gold rush eggs in one basket? Sell shovels?