Wall Street Banker's Thesis: The Last Moat When AI Intelligence Is Commoditized

markjeffrey · x · 2026-07-30

A Wall Street tech banker explores the disruption of business moats by commoditized intelligence. Using a fictional 2028 scenario where an open-source model defeats closed labs, the essay argues that as decentralized compute and open weights proliferate, moats built on compute monopolies will crumble, shifting future competitive advantages to coordination technologies and trust mechanisms.

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