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Oracle (NYSE:ORCL) has cancelled a $7 billion agreement to lease advanced artificial intelligence chips to Chinese technology group Tencent (HKEX:0700), following concerns raised by US officials over China’s access to American semiconductor technology, according to a Financial Times report...
finance.yahoo.com
This was all pointed out, what, like a year ago that these AI companies were building a bubble and investing in each other.
Anthropic's compute costs accounted for 58% of its revenue in the third quarter, which was $17 billion. This indicates that while revenue is increasing, the costs associated with computing are rising even faster, leading to significant operating losses.
The Next Web
Yahoo
What's happening was inevitable correction.