What profit? All labs are taking massive losses and there's no clear path to profit for most of them yet.
The wealthiest people in tech aren't spending 10s of billions on this without the expectation of future profits. There's risk, but they absolutely expect the bets to be +EV overall.
Expected profit.
The wealthiest people in tech aren't spending 10s of billions on this without the expectation of future profits. There's risk, but they absolutely expect the bets to be +EV overall.