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AI cloud computing companies face ‘guppy-level death’, Elon Musk warns, as funding dries up – business live

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Rolling coverage of the latest economic and financial news

Musk also claimed on X overnight that some partly-built datacentres simply won’t be completed.

As he put it:

I think we’re going to see a lot of stranded compute in partially complete datacenters

As of late Sunday in New York, those conversations remained ongoing and the deal hadn’t priced, people with knowledge of the discussions said. The parties are still working on finalizing the debt package in the coming days, the people said.

Continue reading…Rolling coverage of the latest economic and financial newsMusk also claimed on X overnight that some partly-built datacentres simply won’t be completed.As he put it:I think we’re going to see a lot of stranded compute in partially complete datacentersAs of late Sunday in New York, those conversations remained ongoing and the deal hadn’t priced, people with knowledge of the discussions said. The parties are still working on finalizing the debt package in the coming days, the people said. Continue reading…