[ianbutler]

No I don't believe they do, productwise. We'll see soon enough I imagine. The thing is even though I don't think they have a moat in terms of model/product. They have a moat in terms of talent and capital. Only a few teams operate at their scale and sophistication, and it's hard to get there.

I view this as Microsoft paying for talent the same way DeepMind was initially integrated into Google, and at the same time making the bet that this space will continue to be immensely valuable and relevant going forward.

Pretty exciting times all things considered!