Canceling my OpenAI account today and I urge you to do the same.
What they are really afraid of is open source models. As near as I can tell the leading edge there is only a year or two behind OpenAI. Given some time and efforts at pruning and optimization you’ll have GPT-4 equivalents you can just download and run on a high end laptop or gaming PC.
No everyone is not going to run the model themselves, but what this means is that there will be tons of competition including apps and numerous specialized SaaS offerings. None of them will have to pay royalties or API fees to OpenAI.
Edit: a while back I started being a data pack-rat for AI stuff including open source code and usable open models. I encourage anyone with a big disk or NAS to do the same. There's a small but non-zero possibility that an attempt will be made to pull this stuff off the net in the near future.