<ul data-eligibleForWebStory="false">AI startups are commanding sky-high valuations with little revenue or profitability.Investors focus on talent, data assets, and algorithmic capabilities to gauge long-term value.Valuations pose whether they reflect future profitability or exuberant 'vibe valuing'.Talent war intensifies as top AI engineers attract massive pay packages from tech giants.Market in speculative phase, with high valuations and demand for elite talent.