CoreWeave Founders Sell $3.3 Billion in Shares as AI Financing Concerns Mount
https://www.citybiz.co/article/919848/coreweave-founders-sell-3-3-billion-in-shares-as-ai-financing-concerns-mount/
#ai-bubble — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #ai-bubble, aggregated by home.social.
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Anthropic valuation down by 500bn in one day.
https://www.aol.com/articles/anthropic-valuation-could-slashed-500bn-014243000.html
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Is Character.AI the Pets.com of the #AIbubble? The canary in the coalmine? Or will the markets continue to stay irrational beyond our ability to stay solvent?
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Would be hilarious if it was #Microsoft, above all, who would be responsible to finally pop the #AIBubble because they decide to withdraw all their funding from #OpenAI to prevent #LLMs from vibe-reconstructing all their proprietary software...
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ha, exactly what I was going to say as a question at #cyborgWorkers – Microsoft is desperately pushing employers to push workers to use copilot in the hope that someone somewhere finds an economic excuse to keep making foundation models and to salvage the companies from their #AIBubble liabilities.
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RE: https://mastodon.world/@swggrkllr3rd/117449724086012565
ha, exactly what I was going to say as a question at #cyborgWorkers – Microsoft is desperately pushing employers to push workers to use copilot in the hope that someone somewhere finds an economic excuse to keep making foundation models and to salvage the companies from their #AIBubble liabilities.
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Like anyone else I'm hoping for the #aibubble to pop. That being said, using ChatGPT I was finally able to find out how to fix cgi-bin support with #suexec for #Apache (#httpd) after I enabled SFTP (which requires a ChrootDirectory owned by root).
I couldn't really find info about the suexec error "cannot get docroot information". ChatGPT showed me how to see which call was causing this using auditctl and offer a solution.
That said, it took a couple of hours to get there.
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The US markets have opened and CoreWeave has dropped 7% in the first few minutes of trading. It’s now lost more than a quarter of its value in the space of a week. #coreweave #aibubble
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Uh ... hat da jemand endlich eine Nadel in die #AI Bubble gesteckt? #CoreWeave rutscht auch heute weiter ab ... #AIBubble ☠️
https://finance.yahoo.com/markets/stocks/articles/why-did-coreweave-crwv-shares-211255799.html -
Music to my ears.
This could be it.
Coreweave just lost 20% of its market value.
The costs of insuring against tech defaults have gone to record highs.
The stage is set for an epic fall.
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Y'all. CoreWeave is in trouble. That could be the first domino...
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"Character.ai’s bankruptcy is the one of the first dominos to fall in the long-foreseen AI bubble. The circumstances of its bankruptcy are exactly what critics of AI have been saying would happen: Character.ai lit a huge amount of money on fire running its product, did not bring in a lot of revenue, and faced enormous legal fees after causing harm to its users. Enshittifying its product to try to make its expenses cheaper did not work, according to a narrative filed in bankruptcy court Tuesday.
Disney has reportedly offered Character.ai $20 million to license some of its intellectual property; Last year, Disney sent Character.ai a cease and desist letter demanding it stop using its copyrighted characters without permission. In 2023, it was valued at $1 billion after raising $150 million in a round led by a16z.
Character.ai is one of the best-known AI chatbot companies that has become popular in the AI companion space. The company has faced various legal problems after being sued by the family of one of its users who killed himself after chatting with a Character.ai chatbot, and has been the target of regulators pushing for age verification tech because of its popularity with kids. In its bankruptcy filings, the company says that its enormous legal costs contributed to its bankruptcy, but that even without the legal problems, its business was wildly unsustainable."
https://www.404media.co/character-ais-bankruptcy-documents-show-the-economics-of-ai-dont-work/
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Banks are now trying to offload the AI data center debt they just underwrote - Startup Fortune
> Banks including JPMorgan and MUFG are shopping AI data center debt tied to Oracle as credit default swaps spike and bond order books thin out.
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Holy bloated cow!
I looked up RTX 5090 prices and they are at SIX AND A HALF THOUSAND EURO right now?!??!If you bought at around 2,900€, you got the cheapest 5090 since it was released.
This is absolute madness!
Source: https://geizhals.at/?phist=3382344&age=366
#rtx #nvidia #rtx5090 #gpu #ai #aibubble #prices #inflation #economy
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Is it starting?
Character.AI going up in flames today...
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"In a recent research note focused on Asian markets, Jefferies estimates that about half of the roughly $2.3 trillion contracted backlog at Microsoft, Alphabet, Amazon and Oracle is owned by OpenAI and Anthropic. Yet Chinese AI models, open source/weight and small language models, threaten to undercut the prices the two US leaders charge, casting doubt on their future revenue.
Jefferies points to research from global aggregator platform OpenRouter, which found Chinese models processed 76.12 trillion tokens in the week ended 27 September, up from just 4.37 trillion in late April. The top four US providers processed 14.2 trillion tokens. Meanwhile, the launch of Moonshot AI’s open source Kimi K3 is “competing at the frontier” with an estimated 95 percent of the performance of Anthropic’s Claude Fable 5.
“The question now is whether all of the above has been priced fully into markets. This writer does not think so,” the Jefferies paper states."
#AI #GenerativeAI #BigTech #LLMs #China #OpenWeights #OpenAI #Anthropic #AIBubble
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"The threat of an AI share price crash rippling out across global markets is putting world financial stability at risk, the International Monetary fund has warned.
In its twice-yearly Global Financial Stability Report, the IMF highlighted the sky-high valuations for AI companies along with their increasing debt pile as one reason that risks in the system are “elevated”.
“The consequences of an AI correction could be global,” it warned. Aside from the US, Asian markets would be most exposed, and the UK and euro area potentially more insulated – though investors with US holdings would be hit.
Athanasios Vamvakidis, the deputy director of the IMF’s monetary and capital department, launching the report, said: “The exposure of the rest of the world to US assets, particularly AI, is the highest it has ever been. So this is supporting the global economy through wealth effects today; but if we get a market correction it could have broad implications.”"
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AI stocks under pressure: Why are Micron and SK Hynix plunging while other chipmakers gain?
The sell-off in chipmakers Micron Technology and SK Hynix intensified in Tuesday’s trade on October 13, amid growing…
#EuropeSays #Korea #KR #SKHynix #AIbubble #AIbubblenews #artificialintelligence #MicronTechnologysh #SK #SKhynix #usmarkets #USstocks #USstockstoday
https://www.europesays.com/korea/187488/ -
What cruel twist of fate, to have died before seeing the Singularity be born! /s
Rumours are the Insurance Industry is absolutley freaking out, not over Climate Change payouts, but payouts to AI companies who are being sued to oblivion like Character AI has been for their wicked crimes.
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RE: https://cyberplace.social/@GossiTheDog/117432444241571715
Ich warte ja immer noch darauf, dass die KI-Blase von der Politik endlich mal ernst genommen wird... momentan sieht es eher nicht so aus siehe zB. die Anträge auf dem grünen Parteitag im Dezember: https://antraege.gruene.de/52bdk
#gruene #grüne #52bdk #ki #ai #kiblase #aibubble #rezession #finanzkrise #financialcrisis #noai #fckai #depol
