Well, nope. There are three real moats left in software:

Distribution, Data (Proprietary) and Iteration Speed.

Very successful companies have all three: Stripe, Meta, Google, Amazon.

The moat of all four of those companies is simply infrastructure, partnerships, and plain-old name recognition.

Data and iteration speed aren't moats. I don't know what you mean by "distribution".

	▲	anonyfox 4 hours ago \| parent [-]
		In fact proprietary data IS a moat in certain circumstances. Example: German law, in order to create anything proper a lawyer NEEDS to read up specific commentary („Beck“) that requires a paid access and the data never was party of any LLM corpus since it only exists behind a paywall and otherwise is defended by lawyers. Therefore any german legal advice given from chatbots always (>80%) is flat out wrong even harmful at times if things would go to court.