Actually, I will make a small deviation here: I think it is a big industry/startup/open source project there, in creating a set of semantic diff algorithms/implementations. For example, due to my present job, I am very interested in collaborative editing of electrical circuits, and layouts for PCB and chips. Altium and KiCad are trying, for exmaple, to store everything in XML/text files and put the text files in Git/SVN and I can tell you a botched C++ program is nothing in comparison to a botched and malformed electrical circuit. So we need diff tools that "know" about a text file, vs rich-text with formatting, vs bitmap vs vector image, vs song, vs English text. Anybody want to start an open source project (DM me or put a comment here).
Anyhow, thanks to the authors on the great insights and let's work on the take home!