One view is that it’s not first mover, but first arriver advantage. Whoever gets to AgI (the fabled city of gold or silver?, Ag pun intended) will achieve exponential gains from that point forward, and that serves as the moat in the limit. So you can think of it as buying a delayed moat, with an option price equivalent to the investment required until you get to that point in time. Either you believe in that view or you don’t. It’s more of an emotional / philosophical investment thesis, with a low probability of occurrence, but with a massive expected value.Meanwhile, consumers and the world benefit.