Under examined? No. This is a very common talking point.
A glut of models doesn't mean there is no moat. There are several dimensions on which to compete, and it might turn out that being able to produce models that optimize on different dimensions is a difficult and valuable thing to do. It also might not, but the "there is obviously no moat" only comes from people who don't use these things systematically.
A glut of models doesn't mean there is no moat. There are several dimensions on which to compete, and it might turn out that being able to produce models that optimize on different dimensions is a difficult and valuable thing to do. It also might not, but the "there is obviously no moat" only comes from people who don't use these things systematically.