I think what’s really being emphasized here is that ChatGPT is an first generation product without much of a novel technology moat compared to what others with

I think what’s really being emphasized here is that ChatGPT is an first generation product without much of a novel technology moat compared to what others with capital can deliver. Microsoft will soak this work up as a pillar of their own AI assistance tech, but the other big tech firms (and probably some startups) are positioned to try to leapfrog what we see here, now that the market has been demonstrated. In the language of tech history, ChatGPT is the Lycos or Altavista to some not-yet-launched Google.