X账号：模型并非AI公司的护城河

Models have no moat.

Frontier models are what make OpenAI and Anthropic relevant and enable them to bring together talent and raise gargantuan amounts of money. But where does that money go? Compute to train more models?

The real moat is in access to frontier NVIDIA hardware in bulk and transition that into inference, or better yet enterprise AI solutions that are only possible with large scale hardware ownership.