Yes, this is correct. However, I think the next era of AI is where companies like FM/SI uses a general base AI like GPT and then makes their own specialised AI on top of that. That could be done. Those models could be a lot smaller and resource efficient than the base AI like GPT. Those specialised AIs could run locally on pretty limited hardware. Open AI's(The company behind GPT) business model will probably be to license the base IA enable this. This is probably a few years away and it would be a pretty big investment for SI.