I just don't understand how to connect this analysis to what's happening. What OpenAI and Anthropic both say, loudly and repeatedly, is that they're working on one of the most impactful technical problems in the history of humanity. The reason they have lots of money is that lots of investors believe they're right.

Perhaps you've seen under their mask, and you know they're scamming the investors. After the NFT bubble it's a plausible hypothesis. But I don't know what it means to say that the mask just isn't there and it's naked pursuit of wealth.