If this is a consensus viewpoint, it'll likely be priced into the IPO.

I'm cautiously bullish on AI in general, and I wouldn't touch an AI stock with a 100m pole, because there are way too many uncautiously bullish investors in the market.

We have, for example, no idea what the long-term implications of AI effectively training on its own output is. Recursive self-improvement is not a law of nature. If anything, the opposite: the overwhelming majority of species are extinct. Evolution is as much a story of dead ends as survival of the fittest. So betting on any one narrow path of AI development to survive seems extraordinarily risky from a biological standpoint.