POPA ReconAI has no moat
AI has no moat Pushback article where the author argues that AI industry has no real moat and is in a speculative frenzy, pointing to SpaceX's x Cursor acquisition, open-source tools like opencode rivaling closed ones, and Chinese models nearly matching GPT-5.4 and Opus 4.7 at a fraction of the cost. They dismiss the AGI-driven urgency as "AI psychosis" fueled by FOMO and short-term thinking, hoping the bubble bursts quickly rather than dragging out https://geohot.github.io//blog/jekyll/update/2026/04/22/ai-has-no-moat.html
The excerpt is quoted from a public Telegram channel, which owns its text.