They also appear to be highly revenue generating businesses and yet supposedly they will collapse.

I’m spending quite a bit of money on subscriptions and API tokens and so are many people like me. The revenue numbers in the prospectus and what is known about AI revenue across the industry is real and significant revenue. Yes the capex is big but also exaggerated as they report 10 year numbers on contracts that have flexible cancellations etc.

I have no idea why people think AI will need a bailout. It appears to be one of the most rapidly profitable and expanding businesses we have ever seen.