As AI models commoditize, lasting wealth will accrue to those controlling chokepoints like distribution, payment rails, and a stablecoin dollar, not to the labs (The Commanding Heights)

The Commanding Heights: As AI models commoditize, lasting wealth will accrue to those controlling chokepoints like distribution, payment rails, and a stablecoin dollar, not to the labs  —  Scarce, controllable positions of Economic Power whose holders durably capture the gains of Increasingly Capable and diffused intelligence.