Earlier quoted context omitted.
I agree, the core aspect of a ponzi scheme is that it redistributes the newly invested funds to previous investors, making it highly profitable to anyone joining early and incentivising early joiners to get new investors. This just doesn't hold true for open ai
Doesn't it hold true for investment in AI (or potentially any other industry that experiences a boom) in general? Anyone who bought in at the ground floor is now rich. Anyone who buys in now is incentivized to try and keep getting more people to buy in so their investment will give a return regardless of if actual value is being created.
The money being invested does not go directly to investors.
It goes to the cost of R&D, which in turn increases the value of openai shares, then the early investors can sell those shares to realize those gains.
The difference between that and a ponzi is that the investment creates value which is reflected in the share price.
No value is created in a Ponzi scheme.
The actual dollar worth of the value generated is what people speculate on.