For some reason, VCs got super hype about foundation model companies, but from my perspective being very deep in this area is that there's zero moat there with

For some reason, VCs got super hype about foundation model companies, but from my perspective being very deep in this area is that there's zero moat there with the prevalence of open source, so it's a very stupid area to burn massive amounts of cash in. Targeted AI applications and virtual "executive assistant" agents are going to be huge though.