INTELLIGENCE IS A COMMODITY. CONTEXT IS THE REAL AI MOAT

Summary from the TLDR Founders newsletter

The way software is shipping is changing. Instead of shipping code to solve a narrow task for all users, developers are shipping general-purpose agents that modify themselves to adapt to the environment and task. This makes the context the product. The value capture in an AI-powered software industry will come from the context and runtime layer, along with hardware and software co-design. Many companies will likely regret the investment in chips they are currently making.