Fireworks CEO Lin Qiao on why building an application is no longer a moat and every company needs to own their own intelligence:
"In the past, application itself is a moat. If you come up with an idea, implement it, launch and scale in a big way, that's moat. That's hard to do."
"Today it's not hard to do. In the past, you needed tens of very strong product engineers, PMs, multiple quarters to get there. Today, one person, multiple weeks can get there. That's no longer a moat."
"What is remaining as a moat is the unique product insights of what your user intent is, why they engage, what their preferences are, and how to run your business. This is your proprietary information. That's where individual companies are innovating."
"Every single company should own this extremely strategic resource that is intelligence."
@lqiao @FireworksAI_HQ