It's only a moat if you believe no competing lab will achieve similar or better ...

theptip · 2026-04-08T17:39:08 1775669948

Thats not what a moat means in business. It doesn’t mean impregnable, it just means expensive or difficult to cross.

It is absolutely a moat if only $1T companies can afford the capex to compete.

6thbit · 2026-04-08T19:53:32 1775678012

non-zero already existing companies can afford to compete, so its not a great preliminary line of defense against your main enemies.

If the existing competition's turn around time to out-benchmark you is in the order of weeks, its an absolutely terrible moat.