I feel like these AI companies are in a gold rush while somebody else is selling the shovels. I've never jumped ship for the same service, from a vendor to another... so often. Looks like a race to the bottom where the snake eats itself.

NVIDIA sells the shovels, then OpenAI/Anthropic/Google make an excavator out of shovels (NVDIA also seems to work on their own excavators), then some startup starts selling excavator wrapper. I don't know if there are any snakes at the bottom, but there's surely a whole lot of shovel layers on the way down.

I believe Google released a paper about 2 years ago that said the same thing. There is no moat with AGI. Companies will find moats though - they just haven't figured out yet how.

There’s a reason NVIDIA’s stock price exploded over the past two years.