ai companies have no moat. 

There's no future where power is centralized in a couple of giants with enough GPUs, the only possibility is multitudes of ais doing everyone's job.

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Yeah definitely. But Sam Altman won't become a feudal ai overlord. Most of what he sells can be found elsewhere.

Like any tech, the moats arise with the specific job to be done, and who can do it better. Ultimately with ai for specific industries it could come down yo who has best data.