The New AI Moat: Code and Products Can Be Copied, But One Thing Cannot

In the AI era, the most valuable asset is no longer the model but the organizational form. Foundation Capital partner Jaya Gupta argues that code, products, and even technical advantages can be replicated, but the structure of an organization—how it attracts talent, distributes power, and shapes purpose—is the true moat. The article delves into how great companies use organizational design to enable people to become their best selves and highlights the critical gap between emotional promises and structural commitments.