Elon Musk has warned that many artificial intelligence startups face an existential threat, comparing their potential collapse to the dramatic failure of a high-profile cryptocurrency project. The analogy suggests a wave of bankruptcies or severe financial strain could wipe out a significant portion of the AI sector. Musk’s caution comes amid rapid industry growth and speculation about sustainability in a competitive, capital-intensive field. Investors and founders may now be reassessing risks as the market grapples with overvaluation and shifting investor confidence.
Why Musk Is Predicting ‘Guppy-Level Death’ for Scores of A.I. Companies The New York Times
