The scenario seems unrealistic because of the thieves would likely be able to steal important parts of the codebase. But assuming you literally just get a big list of named tensors, my guess is that it could be anywhere between many person-months and millions of person-years (mostly spent re-inventing the algorithms) depending on how many architectural novelties went into the model. For context, it took a decently sized effort to actually get Gemma working properly, given a paper describing how it works and a faulty implementation.
If you can steal the weights, you can very likely steal (part of) the code base. At this point, figuring out the architecture isn't too hard.
I'm thinking of an unreleased frontier model. No public information. How realistic is it to think such a model could be duplicated starting from the weights alone, e.g. by brute forcing through different combinations of architecture and activation functions? Would thieves be likely to end up with an inferior bizarro model?