[MilStdJunkie]

Has everyone suddenly forgotten the ability of VC to make money just . . evaporate? The list is long and the dollar number is heartbreaking.

Well, if they have, I suppose they'll be reminded forcefully by today's substantially different rate environment.

I'm not saying "AI" isn't a big deal. It is. It's got all sorts of uses. Is the state of play worth dumping this quantity of brains and dollars? Jury's out on that. But saying it's worth lots of money because people are throwing lots of money is not a winning argument.