*and also burning everyone else's money at the same time.

The whole business model of tech startups is to lose money until you cornered the market and make unfathomable amounts of money. By the time you realize „well shit, it really was the biggest heist in history“ it‘s already too late. They are too powerful to be punished for it. So this definition of yours plays right into their cards. The only saving grace here is that AI will never be profitable. But people said the same thing about Youtube and now it looks like Google might swallow Disney soon.