My new startup tokencoin will blah blah blah exchange rate, (something AI writes here), 3. profit (more AI), benefiting all human kind and helping our users scale up their productive intelligence!
replyIt's hard and complex to enter any mature market. The vast majority of firms that attempt to enter a new market fail. LLM's have no more than this normal moat.
replyWell yes that’s my point: AI does not suddenly do away with the market.
replyIf every market has a moat, then saying that a particular market has a moat is a statement without meaning. The OP was probably not trying to make a meaningless statement, therefore the OP was probably saying that LLM's don't have an abnormally effective moat.
replyI agree, LLM's don't have an abnormally effective moat, just the standard moat most mature markets have due to market complexity. IOW, LLM's will likely end up with the standard oligopoly most modern western markets end up in, which have minor but relatively ineffective pricing power.