The hype around AI-powered vertical farming has come crashing down as profitability remains elusive and funding dries up, pushing several startups into bankruptcy or restructuring. AeroFarms, an early pioneer in vertical farming, filed for bankruptcy last week after building a huge facility in Virginia that drained its cash. Kalera, a local vertical farming company in Florida, also filed for Chapter 11 protection in April after struggling for months. Furthermore, AppHarvest, which operates high-tech greenhouses, is facing lender threats and a sharp drop in its shares. The firm has warned it could become “bankrupt or insolvent” if the issue is not...