I just don’t think the industry is moatless. Where there is a moat in my opinion is airgap because few are pursuing this and not everyone wants their data in the Cloud.
There is definitely a bubble though. Tesla has 28 times larger market cap than other well-run competitors, for example, and there's a bunch of other firms with similarly crazy numbers.
AI is great and it's the future, and a bunch of people will probably eventually turn it into very powerful systems able to solve industrially important maths and software development problems, but that doesn't meant they'll make huge money from that.
2000 was a bubble, and yet the internet continued to eat the world after it popped. I expect we'll see something similar
I just don’t think the industry is moatless. Where there is a moat in my opinion is airgap because few are pursuing this and not everyone wants their data in the Cloud.
There is definitely a bubble though. Tesla has 28 times larger market cap than other well-run competitors, for example, and there's a bunch of other firms with similarly crazy numbers.
AI is great and it's the future, and a bunch of people will probably eventually turn it into very powerful systems able to solve industrially important maths and software development problems, but that doesn't meant they'll make huge money from that.