[florakel]

Why is everyone so sure that technology can’t be the moat? Why are you convinced that all AI systems will be very similar in performance and cost, hence be interchangeable? Isn’t Google the perfect example that you can create a moat by technological leadership in a nascent space? When Google came along it was 10X better than any alternative and they grabbed the whole market. Now their brand and market position make it almost impossible to compete. I guess the bet is that one of the AI companies achieves a huge breakthrough and a 10X value creation compared to its competitors…

[esafak]

ChatGPT isn't ten times better than Gemini or Claude, is it? Even if they magically released such a model, the competition would quickly catch up. The competition has similar or better resources.

[Breza]

This is key. I remember when Google came out. It was amazingly better than anything else I'd tried up to the point. By contrast, I'd argue that OpenAI's advantage is smaller today than it was when they launched GPT3 in 2020.

[amelius]

Maybe because for 99.9% of users (usecases) what today's llm technology offers is already good enough?

Or maybe nvidia has the moat. Or silicon fabs have it.