Ethan Mollick says AI labs treat products as temporary fundraising tools

Ethan Mollick, a Wharton professor who writes about AI, says a core belief at the AI labs is that their products exist only to raise money until AGI makes all products obsolete, according to a post on X dated November 2, 2026.

He says this belief helps explain the labs' abrupt product changes and poor communication with users.

The post is a single claim from Mollick. The reports available do not include any statement from the labs themselves or evidence for the view.