Elon Musk predicted the death of the neo-cloud market (these are companies that buy GPUs and rent the computing). The billionaire said that recently lenders have almost stopped giving money to companies that don't have big revenues other than artificial intelligence data centers. That is, if a company's only income is from renting out GPUs, banks and investors no longer want to give it money because they are afraid of the collapse of the artificial intelligence bubble and, as a result, the loss of their investments. At the same time, Musk himself is fine with money. SpaceX recently closed $40 billion in debt to GPU, which it says is because the company is investment grade and has revenue from Starlink and rocket launches, not just AI. The rest will have it worse. Musk believes that 200+ neoclouds will experience "body mortality rates" and crystallization. "Some will survive, but not many," he said.

Elon Musk predicted the death of the neo-cloud market (these are companies that buy GPUs and rent the computing). The billionaire said that recently lenders have almost stopped giving money to companies that don't have big revenues other than artificial intelligence data centers. That is, if a company's only income is from renting out GPUs, banks and investors no longer want to give it money because they are afraid of the collapse of the artificial intelligence bubble and, as a result, the loss of their investments. At the same time, Musk himself is fine with money. SpaceX recently closed $40 billion in debt to GPU, which it says is because the company is investment grade and has revenue from Starlink and rocket launches, not just AI. The rest will have it worse. Musk believes that 200+ neoclouds will experience "body mortality rates" and crystallization. "Some will survive, but not many," he said.