The individual people leading those companies will be much better afterwards than when they started this shit, no matter how hard the whole thing blows up.

Who wouldn’t be willing to go through the years of founding and building, say, OpenAI, if after a decade or so you’ll at worst “just” end up a multi-millionaire, and if the Tech actually works or even if you just manage to swindle enough suckers before it all collapse, you’ll end up a billionaire.

If you consider those people as sociopath “what’s in it for me” grifters, the entire thing is totally logic because even the “market cataclysm” scenario still leaves them personally far better off than if they hadn’t done any of this.