I see nothing delusional in speculating that that’s a very big if.
And if they haven’t created an artificial superintelligence then they start to look more like just another tech startup with no moat[1] and a terrible balance sheet.
[1] I don’t know about you, but I switch model providers multiple times per day.
Every market cap is a prediction of expected future profits. In their mind, I'd say that's what the whole "race" is that they are so desperate to win. The race to win is the race (in their minds) to get such powerful beings to get a permanent lead with ASI. Getting to powerful enough beings to wipe out all the competition and become emperors of this new world.
And if they haven’t created an artificial superintelligence then they start to look more like just another tech startup with no moat[1] and a terrible balance sheet.
[1] I don’t know about you, but I switch model providers multiple times per day.