this post was submitted on 06 Sep 2024
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The air begins to leak out of the overinflated AI bubble (www.latimes.com)
submitted 5 months ago by [email protected] to c/technology
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[–] Knock_Knock_Lemmy_In 19 points 5 months ago

Fall in share price, yes.

Bankrupt, no. Their debt to Equity Ratio is 0.1455. They can pay off their $11.23 B debt with 2 months of revenue. They can certainly afford the interest payments.