The moat could have nothing to do with the AI part. Examples: - e-commerce app is a thin ChatGPT wrapper for the shopping experience but their moat is their pr

The moat could have nothing to do with the AI part. Examples: - e-commerce app is a thin ChatGPT wrapper for the shopping experience but their moat is their products and supply chain details - video game using LLM NPCs and other dynamic experiences but their moat is something else like incredible graphics or being based on some known IP - any business based on curation or archival of past LLM responses or interactions, moat could be some quality of that particular data, like other data businesses