Tag: Bankruptcy
Browse our exclusive articles!
OpenAI’s ChatGPT Faces Financial Woes, Raises Concerns of Bankruptcy, India
OpenAI's ChatGPT facing financial challenges, potential bankruptcy, and declining user base. Microsoft's support crucial.
OpenAI’s Future in Doubt as Financial Woes Mount for ChatGPT AI
Is OpenAI's future at risk? Financial challenges, declining user base, and competition from open-source alternatives pose threats. Find out more.
Twitter’s Unpaid Vendor List Grows: Oracle Doesn’t Receive Payment Despite Larry Ellison’s $1 Billion Investment in Takeover
Elon Musk's friend invested $1 billion in Twitter, but Musk has refused to pay vendors, including Oracle for data services. He risks forcing the company into bankruptcy.
SBF Upset as Late Evidence Emerges in Criminal Trial While FTX Looks to Sell AI Stock
Former FTX CEO claims key evidence date missed in fraud charges as his lawyers accuse prosecutors of failing to provide the contents of five devices due by the end of March. A laptop and iPhone belonging to former Alameda Research CEO Caroline Ellison and an FTX co-founder Gary Wang's laptop are among the devices, with Bankman-Fried's court date set for October 2nd. Additionally, FTX bankers are looking to cash out their shares in Anthropic, an AI startup valued at $4.6 billion. Perella Weinberg is handling FTX's bankruptcy, with the potential sale worth hundreds of millions of dollars.
3 AI Stocks to Sell in June Before They Crash and Burn
Experts advise selling shares in three AI-driven companies due to weak financials, overvaluation, and potential bubbles. Lemonade, Buzzfeed, and Veritone underperform in the stock market, with concerns about their future profitability and sustainability. The companies are yet to translate their popular narratives in AI into financial success, leading to less organic revenue growth and over-reliance on external sources. Investors should be cautious, according to industry analysts.