On 4th May 2023, a leaked memo from a Google employee declared that the company “has no moats” when it comes to AI (artificial intelligence). A moat, in business strategy circles at least, means a competitive advantage that you can use to protect your business model. It means different things
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Why Google Will Win the AI Wars
In 2003, Michael Burry predicted that the US housing market would collapse in 2007. As we all now know, he was right. In 2005 he started shorting the US housing market, convincing Wall Street banks to sell him Credit Default Swaps (CDSs) allowing him to bet against the housing market
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