[stephen_cagle]

I feel like this is kind of like the gambler's risk of "going bust" but applied backwards?

Feels like it would be better to spend just enough so that you have the capacity to scale up IFF LLM's end up being a big deal. You spent less than your rivals (who were competing for a supremacy that never came), but you have saved more "dry powder" to compete against them for the more likely future. The only future you exclude with this strategy is the "LLM Supremacy" future, which you only had a 1/(number_of_players) chance of winning anyway. :]

I think the real reason for the spending is that the scent of LLMs in the air causes stock values to go up. And even if everyone knows it does not make sense, they still want "NUMBER GO UP", and so they will spend more money to excite the amateur and professional investor class.