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SECTOR ETFAIQBOTZBEARISHCore thesis · 5/5

No single ticker was named. Artificial intelligence ETFs are one way for retail investors to get exposure. Not a recommendation.

Foundation models look like unmoated commodities

The case was argued that foundation AI models will end up as low-margin commodity infrastructure without durable competitive moats or pricing power.

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NOT INVESTMENT ADVICE · A SUMMARY OF WHAT WAS SAID ON THE PODCAST · VERIFY AGAINST THE SOURCE
Foundation models look like unmoated commodities · Zortix