The moat is around capital. For thousands of years most people were slaves or peasants whose cheap fungible labor was exploited.
For a brief period intellectual and skilled work has (had?) been valued and compensated, giving rise to a somewhat wealthy and empowered middle class. I fear those days are numbered and we’re poised to return to feudalism.
What is more likely, that LLMs lead to the flourishing of entrepreneurship and self determination? Or burgeoning of precariat gig workers barely hanging on? If we’re speaking of extremes, I find the latter far more likely.
> The moat is around capital.
Not really. I can run some pretty good models on my high end gaming PC. Sure, I can't train them. But I don't need to. All that has to happen is at least one group releases a frontier model open source and the world is good to go, no feudalism needed.
> What is more likely, that LLMs lead to the flourishing of entrepreneurship and self determination
I'd say whats more likely is that whatever we are seeing now continues. And that current day situation is a massive startup boom run on open source models that are nearly as good as the private ones while GPUs are being widely distributed.