Honestly, I would find it more easy to believe that this is a big ploy to stockpile computing and energy resources, while making the general public think that all the rich are fooling themselves.

I find it hard to understand how they can actually believe their hubris, by placing all NN and ML stuff into a single category, regardless of methodology and variation in resource consumption between previously successful and ongoing cash-grab projects.

Also, this company was making train controller HMI for another country. They were going on for hours, spewing buzzwords like, "secure", "safe" and "mission critical", but then somehow ended with AI.