They also missed the first-mover advantage with web search.
And webmail.
And online video hosting.
And online ads.
(In fact, very few of the dominant players anywhere in tech had first-mover advantage in that field.)
They evolved into a stagnant beast, I would be very surprised if they manage to turn the ship fast enough.
They will survive like Nokia or Kodak survived.
OpenAI could just be another Netscape.
They also missed the first-mover advantage with web search.
And webmail.
And online video hosting.
And online ads.
(In fact, very few of the dominant players anywhere in tech had first-mover advantage in that field.)