According to Amazon CEO Andy Jassy, “Generative AI may be the largest technology transformation since the cloud (which itself, is still in the early stages), and perhaps since the internet.” Wall Street has taken notice: Many AI, or AI-adjacent companies, have been on fire for the past two years, but they recently collectively took a bit of a dive due to industry-specific issues. Earlier this year, a China-based company called DeepSeek developed an AI chatbot with far less money and resources than some of the leaders in the field, which rocked the industry.