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This went around today:

https://www.semianalysis.com/p/google-we-have-no-moat-and-neither

Leaked Google document, basically saying "We have no competitive advantage over open-source LLM work."

This is interesting Google-kremlinology. But surely the important point is that AI -- at least the text-generation, image-generation parts -- are out of the hands of tech companies. Anybody can run that stuff at home. It is now impossible to legally regulate or limit it.

(DeCSS flashbacks, anyone?)