> There's nothing stopping a competitor from creating a similar product
This is like saying there’s nothing stopping a competitor from launching reusable rockets into space. Of course there isn’t, but it’s hard and won’t happen for the foreseeable future.
Similarly with a physical moat, it’s not impossible to cross, but it’s hard to do.
It’s not the same because there is basically no cost to trying an OpenAI competitor. Betting your payload on an up and coming rocket company is a major business risk.
This is like saying there’s nothing stopping a competitor from launching reusable rockets into space. Of course there isn’t, but it’s hard and won’t happen for the foreseeable future.
Similarly with a physical moat, it’s not impossible to cross, but it’s hard to do.