Not a lot of people have this budget, and I'm not sure how many people with that type of cash are also interested in paying it for AI.

Of course, this is fine for people in the bay area earning hundreds of thousands of dollars a year. But then your client base becomes so reduced its hard to justify the valuation these companies have.

These AI companies are not hyped so much because they will offer a luxury product, they're valued because they're supposed to "change the world" which luxury does not do.