What Did Jack Dorsey Mean by “There Is No Moat”? Elon Musk and Michael Saylor Weigh In

Block CEO Jack Dorsey posted “there is no moat” on X and drew more than 3.5 million views. The phrase echoes a leaked 2023 Google memo, which warned that open-source AI would erode the lead of Google and OpenAI. The term comes from investor Warren Buffett, who uses “moat” for a lasting edge that shields a company from rivals. Strategy executive chairman Michael Saylor and Tesla CEO Elon Musk both responded, yet each pointed to a very different kind of protection. Why Did Jack Dorsey Say There Is No Moat? Dorsey did not tie the post to any product. However, it came shortly after he introduced Dessa, a voice AI model from a small research lab inside Block.

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