Quoting Ethan Marcotte

To put it mildly, the &ldquo;AI&rdquo; industry is not built on a sound foundation. Investors are spooked by the staggering amount of debt underpinning the industry&rsquo;s obscene growth, especially since none of the flagship names care about profitability. And in their desperate search for capital to shore up their ballooning valuations, these companies have turned toward governments, and the…