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I'm using an app

Anyone who's credit rating is bad enough to not be able to get a credit card.

VC money bailing out other VCs. A tale as old as time.

Customers come back to Netflix since they have the best content out of all the streaming providers. This is their moat.

ChatGPT, on the other hand, is literally exactly identical to their competitors for the most common use cases.

OpenAIs investors can look forward to having an operating margin as impressive as the company that produces Band-Aid

Stickyness absolutely helps. But it won't get you anywhere close to a MAG7 operating margin. I think we are already seeing the start of price wars. I cancelled my ChatGPT subscription once i realized Gemini Pro was included in my Google Workspace and never looked back for a second.

Does this matter if a 2 person startup can blow them away on price?

...if it works.

Muddying the water to make it seem deep.

Except resources won't be plentiful for a long while since AI is only impacting the service sector. You can't eat a service, you can't live in one. SAAS will get very cheap though...

They are not free, they are paid for by taxes. And in pretty much all countries, irrespective of funding model, these services have increased in price much faster than general inflation. This is the Baumol effect in action.

> indicies that usually do not perform that well

MSCI EM has outperformed MSCI US since it's inception in 2001 if you look at total return.

When you take depreciation into account, it's probably less profitable than a government bond.

I wish I could use Mullvad. But their IPs are banned from many streaming services and they don't change them often enough so I am stuck with Nord.