This isn’t like the early days of steamships or aviation, where bigger and better engines led to larger vehicles that could go longer distances and carry more people. The “race” metaphor journalists love doesn’t really fit either.

Today, companies like AI can spend billions on model training and chips, and find their designs copied within weeks – or... See more

Participants consistently discovered that solutions to seemingly intractable problems often required not more resources, but more intelligent application of existing resources.

Which seems like a bad thing–but what’s left? From my perspective as a nascent entrepreneur, future moats fall into three broad categories: proprietary technology, supply chain innovations, and media that can’t be replaced by AI because it comes from a strong POV (taste)