Bucky Moore on what makes an AI application company actually defensible — and why the Palantir FDE playbook becomes increasingly important. "There are some industries where they're very large, far enough afield from where the model providers are today, and the context engineering to actually get the customer data into the model is just so messy." "Being really good at that is not only defensible, it allows you to generate a feedback loop where you hear a lot of their secrets. And those secrets allow you to make your product better at the expense of anyone else in the space. Because if you're serving the customer, they're only serving you those secrets." "Palantir is a good example of this in the pre-AI era, and I think we're going to see many companies ascend in that same way." @buckymoore on @tbpn