and neither does Coca Cola and Cadbury. Yet biggest monopolies are found in these places. Because the competitors will not be differentiated enough for users to switch from the incumbent.
But G-AI is still nascent and there's lots of improvements to be had. I suspect better tech is a moat but ofcourse Google is oblivious to it.
- Nobody's tasted my beverage, therefore nobody is craving its taste. Whereas billions of people are "addicted" to coke: they know what it tastes like and miss it when it's gone.
- Nobody's ever heard of my business. I have zero trust or loyalty. Whereas people have trusted code for a century, and actually consider themselves loyal to that company over others with similar goods.
- I have no money to buy ads with. Coke is running Super Bowl commercials.
- I have no distribution partnerships. Coke is in every vending machine and every restaurant. They've spread to almost every country, and even differentiated the taste to appeal to local taste buds.