Elon Musk predicts downfall of more than 200 AI cloud companies
CRWV CoreWeave Inc
$54.24 -2.46%
View chart & analysis → - 1Elon Musk said most of more than 200 AI cloud companies will go bankrupt or be acquired.
- 2Debt, including CoreWeave's $50 billion in liabilities, was identified as a risk factor in the AI bubble.
- 3SpaceX completed $40 billion in borrowing.
So what's the key point?
Elon Musk said most companies providing artificial intelligence services will fail or be sold to other companies. Large corporate debts, such as CoreWeave's $50 billion debt, have been pointed out as a risky element of the artificial intelligence bubble.
Source BeInCrypto · View original ↗
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