Part 6/15:
Unlike Google, Microsoft, or Apple, which possess extensive ecosystems, hardware integration, and proprietary platforms, OpenAI lacks a meaningful moat. Its technological advancements—while impressive—are replicable. Competitors like Google’s Gemini 3, DeepMind’s models, and Claude have all surpassed GPT-4 in various benchmarks, indicating that no unique technological advantage secures OpenAI’s position. The company’s secret sauce has evaporated in the face of open-source and competitive innovations, diminishing its ability to command premium prices or lock in users.