I believe you've described "investing with a hope for a profitable return" which is usually the point of investing.
Circular investing is a thing that is happening with all of these companies related to language models. Google hoping for a ROI isn't a great example of that.
it's about squatting a percent that cannot be taken, there are many companies I know of who have large capacity reservations they don't use only because they hope to use it /soon/ and don't want to deal with cold start times. I remember when one used to be able to start a lambda labs on-demand h100 job and it'd start in 30 minutes, now you'd be lucky if it happened the same day
In accounting terms it’s not an investment it’s an operating expense or in your example a personal expense, but if you leased a property and operated a business (ie an AirBnB for an apartment) it could be considered as part of an investment as it’s a means to make a profit.
Buying the 5 percent stake is investing, but is paying them to be sure they can IPO normal? It reminds me more of Microsoft paying apple or Google paying Firefox or something.
Circular investing is a thing that is happening with all of these companies related to language models. Google hoping for a ROI isn't a great example of that.