I think it's at least in part FOMO from the VC's - maybe a bit like the dot-com mania, as well as them not understanding the technology and therefore having to

I think it's at least in part FOMO from the VC's - maybe a bit like the dot-com mania, as well as them not understanding the technology and therefore having to believe the breathless hype and cherry-picked demos from the likes of Sam Altman.