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rowanG077 5 hours ago

No it's not. There is a even a wikipedia page for it: https://en.wikipedia.org/wiki/Economic_moat

A moat is protection so you can keep your ARR up or increase it over years. Arguably only google have a moat with their TPUs. NVidia has a moat. But the others who just train some models on NVidia hardware have no moat.