
The Third Order
Neither the Model Nor the Wrapper. Where AI Value Actually Accrues.
<p>73 companies launched the same PDF chat tool in one week. None of them will survive. But neither will most foundation model providers. So where does value in AI actually end up? </p><p>In this episode: why the “models vs. wrappers” debate is the wrong frame, what the Intel–Microsoft and AWS–SaaS transitions tell us about AI’s future, and why the real moat isn’t the model or the app—it’s the proprietary data and workflow integration that compound with every customer interaction. </p><p>Read the full post: https://substack.com/@thethirdorder</p> <br/><br/>This is a public e...






