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So... the same things as every other foundational model?
What if there truly is no moat?

What if you can just hook your AI system up to some other AI system and drain everything? No weights access required. Just train on the raw inputs/outputs.

What stops this from being the future?

Very reminiscent of the internal feuds at Meta around the Llama 1 timeframe (~2 years ago).
Recent and related:

Whistleblower: Huawei cloned Qwen and DeepSeek models, claimed as own - https://news.ycombinator.com/item?id=44482051 - July 2025 (58 comments)

Also:

Huawei Whistleblower Alleges Pangu AI Model Plagiarized from Qwen and DeepSeek - https://news.ycombinator.com/item?id=44506350 - July 2025 (1 comment)

Pangu's Sorrow: The Sorrow and Darkness of Huawei's Noah Pangu LLM R&D Process - https://news.ycombinator.com/item?id=44485458 - July 2025 (2 comments)

Huawei's Pangu Pro MoE model is likely derived from Qwen model - https://news.ycombinator.com/item?id=44461094 - July 2025 (1 comment)

Huawei releases an open weight model trained on Huawei Ascend GPUs - https://news.ycombinator.com/item?id=44441089 - July 2025 (333 comments)