>>the spending implies expectation of dramatically increased capabilities, soon.
Even more than that, the spending is a death-race in expectation of:
1) a team reaching runaway superintelligence,
2) that it will be winner-take-all for the first team to get there, and
3) fear that somebody else will get there first.
So, everyone is spending as much as they can beg, borrow, or steal because in their view, there is only first place or being part of the underclass ruled by the other team that gets there first.
This is not about just making useful products/services that can increase productivity for their customers.
>>the spending implies expectation of dramatically increased capabilities, soon.
Even more than that, the spending is a death-race in expectation of:
1) a team reaching runaway superintelligence,
2) that it will be winner-take-all for the first team to get there, and
3) fear that somebody else will get there first.
So, everyone is spending as much as they can beg, borrow, or steal because in their view, there is only first place or being part of the underclass ruled by the other team that gets there first.
This is not about just making useful products/services that can increase productivity for their customers.