Comment by martindbp

What they are seeing is insane user and revenue growth. It's that simple. ChatGPT has like a billion users, and it came out 3 years ago. And then AI is getting better every year in a way that internet companies like Google or Facebook didn't. Google peaked very early in terms of usefulness, then it just spent decades monetizing it. AI is not even funded by ads, people are actually paying for it. It's really hard to get people to pay for something. I don't know if the investors will get a nice return, but given the numbers they're seeing I understand why they're doing it.