It's the same reason for investing in every net-loss high-valuation tech startup of the past decade. They're hoping they'll magically turn into Google, Apple, Netflix, or some other wealthy tech company. But they forget that Google owns the ad market, Apple owns the high-end/lifestyle computer market, and Netflix owns tv/movie habit analytics.

Investors in AI just don't realize AI is a commodity. The AI companies' lies aren't helping (we will not reach AGI in our lifetimes). The bubble will burst if investors figure this out before they successfully pivot (and they're trying damn hard to pivot).

Helping to prevent a possible skynet scenario probably makes those checks easier to write.

There's a lot more than money at stake.

> I don't understand why investors are excited about getting into a negative-margin commodity. It makes zero sense.

Long term, yes. But Wall Street does not think long term. Short or medium term, you just need to cash out to the next sucker in line before the bubble pops, and there are fortunes to be made!