You're making the mistake of assuming the failure of the current companies would be seperated from the failures of AI as a technology. If we continue the regim

You're making the mistake of assuming the failure of the current companies would be seperated from the failures of AI as a technology. If we continue the regime where OpenAI gets paid to buy GPUs and they fail, we'll have a funding winter regardless of AI's progress. I think there is a strong bull case for consumer AI but it looks nothing like AGI, and we're increasingly pricing in AGI-like advancements.