differentiation

One promising strategy focuses on stimulating neuronal differentiation, the process of forming new neurons that could replace those lost and potentially slow or counteract neurodegeneration.

And there isn’t much differentiation currently, so it’s easy to switch, which makes these models—OpenAI or Anthropic—ultimately a commodity that should at best earn marginal profits!

“If you do have differentiation and strong clinical data in a space of high strategic interest, we’re seeing pharma move quickly,” Khalil said.

Train wrecks are going to be companies that are overfunded, spend at a very rapid rate and have little product differentiation in a market which can lose leadership in 12 months.

“We saw there was this differentiation we could really lean into,” Sapire says.