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Intellectual Wandering's avatar

Great analysis. Your take on it makes me realize that the future in AI is unknowable. The advances are so rapid, it is impossible to know who wins. As a value investor, I am going to shift my focus of reasearch elsewhere, while everyone looks at AI in amazement. Thank you for your content.

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Emerging Value's avatar

In my opinion, coding was never a competitive advantage for a company and never will. Well, maybe in 1980 when they were battling for innovations like the spreadsheet and the operating system. Ms dos, windows etc.

Now, is there a company that switches provider because something is coded better? No!

The competitive advantage lies with everything else. Forget coding when analysing software as its a commodity.

Just imagine that it's a service business with the service done by humans. The moat is design, specification, customer knowledge, customer acquistion, service, integration, network effect. Etc.

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