Is it not a case of many funders don't want to risk missing out on the next big thing? And a loss of a few billion now is better than the loss of many billions down the line and control of the future?
"not wanting to risk missing out" is essentially just FOMO right? "Smart" money has feels more like FOMO money these days. We literally have shoe companies savying they're going to pivot to AI and having their market cap increase in multiples as reward.