Commoditization / no moat? Part of the reason for rapid progress in the field is because there’s plenty of fruit left and that fruit is often shared, and also a lot of new models involving more fully exploiting research insights already out there on a smaller scale. If a company was able to try to monopolize it, progress wouldn’t be as fast, and if a company can’t monopolize it, prices are driven down over time.
Commoditization / no moat? Part of the reason for rapid progress in the field is because there’s plenty of fruit left and that fruit is often shared, and also a lot of new models involving more fully exploiting research insights already out there on a smaller scale. If a company was able to try to monopolize it, progress wouldn’t be as fast, and if a company can’t monopolize it, prices are driven down over time.