[Jensson]

> No one is investing on that assumption

I am pretty sure some are. Some very rich people are talking as if AGI will happen soon they for sure are investing into this assuming that billions will turn to trillions, as long as they invest in every AI company they will get it right for one of them.

This happened in the IT bubble as well, most companies were overvalued but the total set of IT companies went on to become many trillion dollars of value, so if you invested in every IT company then you became really rich, they expect the same thing to happen now but even more extreme.

Now I don't expect this to turn to AGI, but many do, and those who do would be stupid if they didn't take that into account for investments.

> I've been in the PE/VC

Are you talking about the calculated VC groups? Or are you talking about eccentric rich individuals? The first group for sure wouldn't it would be career suicide to do it there but some of the second group would since they invest their own money. Think people like Elon Musk etc.