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Sorry for the dumb question. But in the context of the AI space, what is moat?
by techwiz137 3y ago
Sorry for the dumb question. But in the context of the AI space, what is moat?
- leereeves 3y agoMoat is a business term coined by Warren Buffett. It's a competitive advantage that isn't easily overcome and allows a company to earn high margins. I don't think there are any examples in the context of AI. As the post says, no one in the AI space has a moat right now.
- sterlind 3y agoHistorically, datasets have been a moat. Google had a massive head start from having a massive search index and user data. Then access to compute became the moat - fully training a trillion-parameter language model has only been in reach for megacorps. But now, there's a ton of publicly-available datasets, and LLaMA showed that you don't need massive numbers of parameters.
- bluGill 3y agoThat is the million/billion+ dollar question. If find it and get there fast enough you can own the moat, and thus become rich. Note that I am not in any way implying that a moat even exists. There may be some reason AI becomes a winner takes all scheme and nobody else should bother playing, but it is also possible that there is no way to make your product better than anyone else. Only time will tell.