Frontier AI is usually framed as a research race. The better analogy is HFT: compute, infra, data, capital, and execution. The moat is not the idea; it is the machine that makes intelligence cheaper.
Frontier AI as HFT: Compute Is the Edge
Frontier AI is usually framed as a research race. The better analogy is HFT: compute, infra, data, capital, and execution. The moat is not the idea; it is the machine that makes intelligence cheaper.