In summary: coffee shops moved out from downtown, and a ton of AI startups. The first group is just movement of demand, not net new anything. The second group

In summary: coffee shops moved out from downtown, and a ton of AI startups. The first group is just movement of demand, not net new anything. The second group is mostly froth and the sheer number of 1-person AI startups that will fold within a year is not significant. In that group is likely to be some enduring, valuable businesses, but... under 10% at most.