The answer to this question that I almost never see come up in these threads has nothing to do with moat or typical startup dynamics, it has to do with macro po

The answer to this question that I almost never see come up in these threads has nothing to do with moat or typical startup dynamics, it has to do with macro policy and theoretical economics. Our economic system is set up to continuously increase the supply of money at a rate that results in the average price of things consumers buy increasing 2% a year. Technology is a deflationary force and if our system wasn't constantly adding more money the price of almost all consumption goods would continuously fall. These investors are banking on the idea that these companies will automate so much high value labour that there is a massive wave of deflationary pressure on the economy, resulting in massive increases to the supply of money to balance it out. So by crude example; 10 years from now anthropic could end up with 1% market share and be worth $10 trillion.