There is no moat. At the moment, all of these companies are burning money to gain mindshare and market share. That's what Thinking Machines is doing; they're not looking for a business model.

Nobody in the LLM world has a moat, or even an actual business model

I don't know why people keep saying there's no moat. There's no moat. Having a FUCK ton of money to train these gigantic fucking models and retain the brains to make it happen is a moat.

You're not going to train one using a VPS from LowEndBox.