[rsynnott]

> But it also feels like a lot of VCs and AI companies have staked several hundreds of billions of dollars on that bet, and I’m still… I just don’t see why the inside players—that should (and probably do!) have more knowledge than me—see. Why are they dumping so much money into this bet?

I mean, see also, AR/VR/Metaverse. My suspicion is that, for the like of Google and Facebook, they have _so much money_ that the risk of being wrong on LLMs exceeds the risk of wasting a few hundred billion on LLMs. Even if Google et al don’t really think there’s anything much to LLMs, it’s arguably rational for them to pump the money in, in case they’re wrong.

That said, obviously this only works if you’re Google or similar, and you can take this line of reasoning too far (see Softbank).