[ikrenji]

isn't moat the many billion dollars one needs to invest in compute to get these models?

[cjbgkagh]

It would be if they were the only one with billions of dollars. Perhaps the nuance is that they have a moat but a rather small one with competitors that have credibly signaled that intend to cross it.

[minimaxir]

A barrier to entry is not a moat from the consumer <-> business standpoint.