Isn’t capital and momentum a moat? Sure Chinese models use distillation but I don’t see them training models from scratch. At least not today. But maybe as chips get cheaper and they have Chinese made ones?
>Chinese models use distillation but I don’t see them training models from scratch
Maybe because they don't have to. If someone is doing the heavy work and they can take output of that, it's a win for them.
> Isn’t capital and momentum a moat?
Apparently not much of one. There are, what, 5 or more companies with frontier models? And open weights models like MiniMax are snapping at their heels