I can't comment on the valuation but generalized AI (or the belief that it could exist) has some quasi-religious aspects. There are those who think it's inevita

I can't comment on the valuation but generalized AI (or the belief that it could exist) has some quasi-religious aspects. There are those who think it's inevitable and that some company or companies will actually come up with a general AI (in other words, an intelligence that could, on its own, apply one set of experiences to a different and unrelated field). Personally, I don't this is possible and I wouldn't bet on anyone who says it is.