AIFortuneabout 2 hours ago
Musk Warns 200 AI Firms Face Collapse
3 min read
Elon Musk warned Sunday that over 200 neoclouds face collapse as lenders cut funding for firms lacking independent revenue. Analysts predict 80% stop by 2030. CoreWeave holds $35.6 billion debt against $5.5 billion cash. SpaceX closed $40 billion borrowing to pay for GPUs.
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