I think creativity is still a valid moat. And I think creativity will become a very important moat!

I am a firm believer of "limitation breeds creativity" and being able to make what you want with immediate result will lead to less diverse solutions. In a world of in-diverse products you need more creativity to stand out as it will become harder to conceive of something "outside of the box".

Similarly to how anyone can basically create any image they desire in Photoshop (with some limited training). Leading to a lot of images of a similar style instead of a lot of different styles (ai slop anyone?). This is because between the idea and the result the roadblocks are reduced, the process is smooth (tools aim for 1:1 conversion). In the creative process these roadblocks are usually where you will find interesting new directions or ideas. And very often the original idea was not that interesting to begin with (and perhaps not as original as we would like to believe).