> But if I had $100 million, and could bet $200 thousand that someone can make me billions on machine learning chip design or whatever, I'd probably entertain t

> But if I had $100 million, and could bet $200 thousand that someone can make me billions on machine learning chip design or whatever, I'd probably entertain that bet. It's a numbers game. Problem with this reasoning is twofold: start-ups will overfit to getting your money instead of creating real advances; competition amongst them will drive up the investment costs. Pretty much what has been happening.