What is the moat of any tech company if they are using LLMs to build their products which can also be reverse engineered by an LLM? Hardware?

It was six months last year, it’s on the order of weeks now. Presumably they have unreleased models that are a step ahead still. The moat is capacity and how much of an ecosystem the can build around the llms; eg anthropic figma tool.

Having compute to serve the demand.

I always bought on who I thought was best at attracting the best talent in the space, and for how long they could remain dominant in that.

decent software stack that works out of the box.

You can go very far in life with a thing that isn't futzy