But there's no moat around these models, they're all interchangeable and leapfrogging each other at a decent pace.
Gemini could get much better tomorrow and their entire customer base could switch without issue.
And, if your revenue is $1B but your costs are $2B it only lasts until the music stops....
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And, if your revenue is $1B but your costs are $2B it only lasts until the music stops....