And the millions with ChatGPT (and other LLM) subscriptions, using it for anything from for-profit and non-profit work to hobby projects and all kinds of matters of personal life.

Contrary to a very popular belief in tech circles, AI is not only about investors. It's a real technology affecting real people in the real world.

In fact, I personally don't give a damn about inverstors here, and I laugh at the "AI bubble" complaints. Yes, it's a bubble, but that's totally irrelevant to the technology being useful. Investors may go bankrupt, but the technology will stay. See e.g. history of rail in the United States - everyone who fronted capital to lay down rail lines lost their shirt, but the hardware remained, and people (including subsequent generations of businesses) put it to good use.