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.
again, this comment misses the point
OpenAI and Anthropic for sure have products and that's great. However, these products are pretty far from a super intelligence.
The bet SSI is making is that by not focusing on products and focusing directly on building a super intelligence, they can leapfrog all these other firms
Now, if you assign any reasonable non zero probability to them succeeding,the expected value of this investment is infinity. It's definitely a very risky investment, but risk and expected value are two different things.