> That's Kami Kaze for US frontier labs. There's no way from here for them towards trillion dollar valuations.
Those valuations are a scam, they have always been a scam, like an updated version of the collateralised debt obligations (CDOs) from 2008 [0]
[0] https://www.theguardian.com/business/2010/apr/18/goldman-sac...
I rewatched The Big Short recently, and all I could think about was AI labs.