Part 3/7:
As new "cards" are revealed—a technology or breakthrough—the stakes change. OpenAI, for example, capitalized on Google's early research into a revolutionary AI architecture called Transformers, specifically from the paper "Attention is All You Need". When OpenAI recognized its potential and invested in LLM technology, it opened the door for other players, notably Google, to follow suit. Hence, the risk profile and competitive landscape evolved, incentivizing further investment in AI from big players.