"Hardware is the only moat" - Should we buy new hardware now or wait?

"Hardware is the only moat". I read that quote yesterday, and at first, I thought it was just another person trying to sound smart on Twitter. But after the latest Anthropic + xAI developments, I’m starting to believe it. Open source will probably win in the long run, and even xAI seems to have realized that. Based on what we’ve seen over the last couple of months from leading AI researchers, LLMs alone don’t seem capable of reaching