The #EU diverting money away from free software production and towards #AI (meaning LLMs) is fairly predictable if you understand large heirarchical organisations. The people at the top of the pyramid operate within a fact-free fantasy world of reports produced by their subordinates, and the thing about Singularitarians is that they are good at hype in the same way that the antivirus and infosec people used to be. The scare them and then take their money shakedown model.

A lot of the stuff with LLMs going on now is just investor fraud. To carry out that type of fraud the thing being done needs to be highly expensive so that lots of money can be tipped into it, and the fraudsters can then later fail to deliver anything economically viable and retire to some tax haven never to be seen again. There have been things like this in the history of AI, but what's going on now is on a bigger scale.