Nobody has a moat, but everyone is f*&$ed. Competitors do seem to leapfrog each other, but each step is getting closer to beating humans at most tasks. Once that happens, that do we do?
Nobody is going to make money for anything, perhaps.
Or maybe everyone makes money for everything.
The world could turn into a world of plenty. Or it could become a YouTube popularity contest where the MrBeasts get to eat and nobody else is interesting enough to sell themselves.
This is an absolutely crazy time to be alive and most people still don't see it.
A sewing machine can "beat a human" at manual sewing. The world didn't end. Seamstresses learned to use sewing machines.
All the things humans do with their brains now get cheaper and we do way more of them. We engineer things we've never imagined. Same as always.