Just simply ask yourself, why are all the AI companies discussing going public now? I hope you would agree that AI as it currently stands is far from the human brain replacement it was sold as. Outside of a few very specialized fields it’s basically an email generator. They’re out of training data for all intents and purposes. AI generated content is so ubiquitous now that you can’t use most data moving forward without painstakingly checking it all, and AI is becoming increasingly harder to distinguish cheaply or easily. The widespread adoption has poisoned the well. So AI is as advanced as it’s going to be, and it’s not worth its valuation. They’re all racing for the exit and IPOs are their last hope for their backers to sell and get out before the markets stop being irrational. I hope I’m wrong but that seems to be the writing on the wall.

Edit: they’re also already posturing the current administration for a bailout deal.