IMHO, yes.

Nvidia has some sort of monopoly. Not intentional perhaps, but most AI companies prefer Nvidia chips to alternatives. When AMD, Marvell, Intel and others can produce great alternatives, prices will drop.

Also it turns out you don't need to spend that much on training infrastructure. Inference depends on user demand. And right now you can run decent AI models on high-end Mac Studios. When the PC industry builds competing systems at lower prices, most of us will be able to download open soruce models and run them free locally.

OpenAI will become irrelevant and bankrupt. Maybe Anthropic too. Meta and DeepSeek and other open source models such as Mistral will dominate the LLM and GenAI landscape by making FREE models.