Right, but that's a short term moat. If they pause on their incredible levels of spending for even 6 months, someone else will take over having spent only a tiny fraction of what they did. They might get taken over anyway.
> someone else will take over having spent only a tiny fraction of what they did
How. By magic? You fell for 'Deepseek V3 is as good as SOTA'?
> someone else will take over having spent only a tiny fraction of what they did
How. By magic? You fell for 'Deepseek V3 is as good as SOTA'?