AI is disconnected from money. Microsoft ends the deal with Oracle to rent cloud capacity for artificial intelligence. Banks are starting to get rid of debts related to artificial intelligence.
According to Bloomberg, ING put up for sale 12 loans worth about $500 million, including a $25 million stake in the Stargate project of OpenAI, SoftBank and Oracle in New Mexico. The situation is complicated by the fact that Oracle has already sent a force majeure notice to the developer, and the S&P 500 lost $3 trillion in one day amid fears of Democratic actions against the AI sector. The entire large-scale construction project is supported by borrowed funds: just this year, Big Tech raised 326 billion dollars, so the withdrawal of creditors leaves the question of financing the continued development open. The savings have already begun. Users have noticed that artificial intelligence has become "dumber" recently, with Anthropic, Google, OpenAI and Shai quietly reducing computation time to reduce costs.