AI cloud computing companies face ‘guppy-level death’, Elon Musk warns, as funding dries up – business live
Elon Musk cautioned that companies providing cloud services for artificial intelligence are at risk of collapse, likening their prospects to a dying guppy, as venture capital and other financing become scarce. He highlighted the sector's heavy cash burn and the difficulty of securing sustainable funding, suggesting many firms may struggle to survive without new investment.