Database Watcher Alert Templates Failing to Deploy

I've been trying to set up some database alerting via Database Watcher alert templates. Each time I try to deploy the templates, it fails with the following error message:

{
    "status": "Failed",
    "error": {
        "code": "InternalServerError",
        "message": "There was a problem with the server. Please try again in a few minutes. Activity ID: 2d59d013-5f51-4e10-814a-e1e17428d64f."
    }
}

We've tried deploying through the portal, with ARM, and with Bicep and always get the same error message with no other context or clues as to why the deployment is failing.

Any help with this issue would be appreciated!