They are research organizations that hope to be bought by a larger company once they have something that works. It's the same model as in biotech. Startups do t

They are research organizations that hope to be bought by a larger company once they have something that works. It's the same model as in biotech. Startups do the research to then get bought by the few giants who don't do much research themselves. Almost none of the startups are even trying to become a real business.