A lot of folks complaining about the valuation. It's important to remember that investing in an AI model company isn't the same as investing in most other businesses.

You're not investing hoping that they turn into a big business with a nice return. You're investing because you assume the value will either be zero or infinity.

If they achieve AGI first, then the valuation you invested in doesn't matter because the value will basically be infinite (or will completely change society in a way that money won't matter anymore).

If someone else achieves AGI first, the value is basically zero.

And if AGI isn't achieved, well, there probably won't be any exit. But if there is, it's a nice bonus if it still has any value.