[ben_w]

I think the investment race here is an "all-pay auction"*. Lots of investors have looked at the ultimate prize — basically winning something larger than the entire present world economy forever — and think "yes".

But even assuming that we're on the right path for that (which we may not be) and assuming that nothing intervenes to stop it (which it might), there may be only one winner, and that winner may not have even entered the game yet.

* https://en.wikipedia.org/wiki/All-pay_auction

[coliveira]

> investors have looked at the ultimate prize — basically winning something larger than the entire present world economy

This is what people like Altman want investors to believe. It seems like any other snake oil scam because it doesn't match reality of what he delivers.

[saubeidl]

Yeah, this is basically financial malpractice/fraud.