Money is useful mostly for hiring human labor to outcompete others, e.g. Satya Nadella has 100K employees under his command, you don't, so you can't realistically compete with MS today - this is their main moat.

If AI renders human labor a cheap commodity (say you can orchestrate a bunch of agents to develop + market a Windows competitor for $1000 of compute), what used to be "Satya + his army vs. you" now becomes mostly a 1:1 fair fight, which favors the startup.

> If AI gets so good that it can replace all human labor, will capital like money and data centers be the only moat left?

If AI gets good enough to replace all human labor then actual physical moats to keep the hungry, rioting replaced humans away will be the most important moats.

How powerful is the device you wrote this comment from? On prem or self hosted affordable inference is inevitable.