Comment by notnullorvoid

> So their survival rests on the presumption that AI progress will fall between these two extremes.

That feels like a very generous framing. There's very little opportunity between the extremes that would paint a convincing outlook of survival for either company.

Perhaps if they were able to scale down their spending drastically they could survive, but that requires acknowledging their current valuations are BS. Doing so is a major risk, that will piss off all share holders. There's also the employees they would need to fire or reduce salary. The shift of focus internally to sustainability would be a major challenge.