This is the weirdest technology market that I’ve seen. Researchers are getting rewarded with VC money to try what remains a science experiment. That used to be a bad word and now that gets rewarded with billions of dollars in valuation.
The phenomenon you're seeing is well described here: "The Perfect AI Startup" (https://www.bloomberg.com/opinion/newsletters/2025-09-29/the...)
“It was the most absurd pitch meeting,” one investor who met with Murati said. “She was like, ‘So we’re doing an AI company with the best AI people, but we can’t answer any questions.’”
Despite that vagueness, Murati raised $2 billion in funding...
Maybe investing in all well-connected AI startups is safer than trying to pick the winners and losers?
Between inflation, fiscal capture, and the inane plethora of ridiculous financial vehicles that are used to move capital around these days, the argument could be made that the money was already funny. This is just the drop of the final veil, saying "well it's not like these numbers mean anything anymore. I do have enough yachts. Fuck it, see what you can do with it".