Fwiw I’m not making a comment on companies which have transitioned from private to public or doing any sort of strategic analysis related to that. I’m merely saying if we index on publicly traded companies which have made substantial AI investments, the story isn’t super clear, i.e. as an investor there is not yet a solid positive thesis for the economics of LLM that would rate the tech as a buy. It doesn’t help that information is sparse here and that AI investments in general is clustered around a few megacap stocks with other interests outside of AI writ large