Could be, or it could be a simple flawed net present value calculation, similar to Effective Altruism.
SBF said if he had a die and it had a 99% chance of killing everyone and a 1% chance of making the world 1 million times happier he would roll the die. Repeatedly. And Silicon Valley loved him.
I think AI is a similar calculation. Humans are tearing themselves apart and the only thing worth betting on is AI that can improve itself, self replicate and end scarcity. I believe that these VCs believe that AI is the only chance to save humanity.
And if you believe that, the net present value of AGI is basically infinite.
SBF said if he had a die and it had a 99% chance of killing everyone and a 1% chance of making the world 1 million times happier he would roll the die. Repeatedly. And Silicon Valley loved him.
I think AI is a similar calculation. Humans are tearing themselves apart and the only thing worth betting on is AI that can improve itself, self replicate and end scarcity. I believe that these VCs believe that AI is the only chance to save humanity.
And if you believe that, the net present value of AGI is basically infinite.