But Altman is onto something: Bursting bubbles are historically bad for business. Investors tend to be kind to players that are pumping up their portfolios. Attitudes change when markets crash. Disgruntled shareholders file securities class action suits, claiming they were deceived. Governments are pressured to step in to make sure the carnage never happens again. Heroes become villains and the spotlight shines brighter on issues that didn’t seem as urgent when times were good.
Steve Lucas, the CEO of enterprise software company Boomi, told me yesterday that he’s suspicious of MCP, arguing, “there’s nothing that would stop a model from saying, ‘Oh, you have a nice MCP interface. Let me ask you how you work and reverse-engineer many of the functions of the application.’” That could cement their dominance, helping LLMs become the user interface for almost everything.
