If Ives wasn’t designing something incredibly cool and disruptive, Altman wouldn’t have bought his company. Simple as that.
This isn’t the same as folding phones. Apple waited to get into folding phones because the technology wasn’t mature enough yet. And it’s still a small fraction of the entire market. They can and will catch up.
Catching up in the AI space is a MUCH more difficult proposition. I’m sure they have woken up to the danger they are in, but it’s hard to say if they can turn the boat around fast enough.
Make no mistake, Altman is coming after every tech company - Google, Apple, Meta, even Microsoft (who is now starting to partner with other AI companies as well) - and he’s out to eat their lunch.
I’d take the threat seriously.