Yes that makes sense. In my hypothetical, the industry frontier is stagnating, meaning no one is making big breakthroughs, so they all resort to this.

If one lab makes a breakthrough, can the other labs just distill to bear parity anyways and then set a new baseline industry wide.

I’m quite ignorant on this topic, so if any of this sounds moronic, forgive me

So are they making big breakthroughs, or are they stagnating?