> large capital investors [...] will be very highly motivated not to let their investment be seized [...] So the labs will not have too much difficulty raising

> large capital investors [...] will be very highly motivated not to let their investment be seized [...] So the labs will not have too much difficulty raising or borrowing enough money to pay the bills So: sunk costs of large investors mean they'd be willing to pay high interest costs? Thus small investors can rely on this dynamic, shielded by big ones? Remember, the large investors got large in a near-zero interest rate environment (where exact timing doesn't matter as much), but those days are not coming back. Soon margins will matter most, and while NVDA and Apple have the internal discipline for that, OpenAI et al do not.