Jain: Standalone AI model business is not as lucrative as expected
Arvind Jain · Why OpenAI and Anthropic Won't Win the App Layer | Glean Founder · 20VC with Harry Stebbings · Jul 11, 2026 · at 16:04
Arvin Jain is the founder and CEO of Glean ($7.2B valuation). He discusses the economics of frontier AI model providers amidst open-source competition.
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“I think the model business, you know, on its own is, is actually probably not as lucrative as everybody believes, but these companies now have a lot more things.”
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