A Market of One Giant, One Challenger, and a World of Opportunity

of consumers pay for more than
one subscription across ChatGPT,
Gemini, Claude, and Cursor.

Fewer than 10% of ChatGPT weekly users
10  pider'ster major model

Despite a flood of new products, consumer attention and spending remain highly concentrated.

The Consumer AI Assistant Market is Consolidating
into a 'Winner Take Most' Dynamic

'Model companies don't have the intuition or, quite frankly, the attention
and resources to be innovating outside their areas of core competency.'

Products: Their attention is
not on building novel, best-in-
class consumer interfaces
from scratch.

This commoditizes the core
tech, benefiting application-
layer companies.

Despite all the activity from the giants, the opportunity for startups has never been bigger.

This Leaves Huge White Space for Startups Building
Dedicated Consumer Experiences

Justine Moore: @venturetwins/jmoore@a16z.com

If you're building in consumer Al, reach out to us.

The future of consumer Al will be defined by founders who build dedicated,
product-led experiences. Startups can even benefit from upcoming platforms

ChatGpT's "Apps" for discovery and distribution.

The Application Layer is Open.
If You're Building, Let's Talk.

Classroom Lecture Slides