> Cause if that is justified, then Kimi, Qwen, Deepseek etc are also valued at a trillion dollars It’s more like a bunch of people are placing different bets.

> Cause if that is justified, then Kimi, Qwen, Deepseek etc are also valued at a trillion dollars It’s more like a bunch of people are placing different bets. Only a few bets are going to generate a return, possibly only one, but the profit on that one bet will make it all worthwhile. That’s the theory, anyway.