Greylock general partner Jerry Chen discusses key takeaways from his essay "The New New Moats: Why Systems of Intelligence are Still the Next Defensible Business Model." The essay is a fresh take on his "New Moats" blog from 2017, in which he postulated that startups would be able to build defensible moats using AI. With the explosion of AI activity in recent times, Chen revisited this analysis to see what holds true, what he got wrong, and what is still too early to tell.

You can read the 2023 essay here: https://greylock.com/greymatter/the-new-new-moats/

You can read the original 2017 essay here: https://greylock.com/greymatter/the-new-moats/

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