I’ve not seen anything I fully trust, but agreed that Europe may go in a different direction than the US, given the different regulatory and macro environment. I think the wild card is whether open source is at near parity for the workflows businesses value.

Dont fully disagree. One factor is whether open source models truly compete with closed source models. If not, a market with 3 players (OAI, Anthropic, Google) can still be highly profitable. There are other factors like market size that may be more important than competition tho.