you are missing the point. SSI believes that it can build a super intelligence. Regardless of whether you personally buy into that or not, the expected value of such an investment is infinity effectively. 5 billion dollar valuation is a steal
That type of reasoning really reminds of the Internet bubble.
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OpenAI and Anthropic also believe that, too. The thing they have is products, customers, and traction.
$5B pre-product, betting on the team is fine. $50B needs to be a lot more than that.
Many examples of industries collapsing under the weight of belief. See: crypto.
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