【I have a question: Where exactly is the end with higher added value located in the future commercial value chain?】

I have been often lost in thought lately: Given the powerful capabilities demonstrated by artificial intelligence, it is not only restructuring workflows but also fundamentally changing the way products are created. This encompasses all fields involving text, plans, and service outputs, including media, advertising, film production, financial products, as well as legal documents and financial audit reports. When the input costs that once concentrated human intellectual labor (i.e., added value) are compressed to an insignificant degree, what are the elements that can ultimately build a solid competitive moat from a business logic perspective?

Could it be the distribution channels of products? Or network effects? Or those links that can truly achieve physical reach?

I would love to hear everyone's thoughts and insights on this question.