Comment by ryanjshaw
13 hours ago
> Cause if that is justified, then Kimi, Qwen, Deepseek etc are also valued at a trillion dollars
It’s more like a bunch of people are placing different bets. Only a few bets are going to generate a return, possibly only one, but the profit on that one bet will make it all worthwhile. That’s the theory, anyway.
There's no mandate that says any of those bets are going to generate a return