Legaltechmonitor iconLegaltechmonitorSep 22, 2026

Ken Crutchfield: Lessons From Steel — Why LLMs Will Become Commodities

Large Language Models (LLMs) are a breakthrough technology, helping fuel the AI industrial revolution. OpenAI and Anthropic are market leaders, with extraordinary private valuations.

Ken Crutchfield: Lessons From Steel — Why LLMs Will Become Commodities

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Large Language Models (LLMs) are a breakthrough technology, helping fuel the AI industrial revolution.

OpenAI and Anthropic are market leaders, with extraordinary private valuations.

The prospect of their respective trillion-dollar public company valuations, should their initial public offerings come to fruition, has drawn attention to LLM economics.

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Large Language Models (LLMs) are a breakthrough technology, helping fuel the AI industrial revolution. OpenAI and Anthropic are market leaders, with extraordinary private valuations. The prospect of their respective trillion-dollar public company valuations, should their initial public offerings come to fruition, has drawn attention to LLM economics.

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LLMs are transforming industries including healthcare and the...

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