[tivert]

> A year or two beyond the competition, at this point, is their moat.

That doesn't seem like much of a moat.

> They have GPT-5 in the pipeline and are likely hard at work planning and prepping for GPT-6.

I wouldn't be surprised if there's an element of diminishing returns here. The improvement from GPT4 to GPT5 is likely much less than GPT3 to GTP4.

[renegade-otter]

And they are going to run into source data problems. The internet is not producing that much more quality content, and now they have a problem with AI-generated clickbait.