TECH - 'Running Out Of Money': AI Firms That Took Bold Bets May Need To Sell | Benzinga
A fresh wave of M&A is coming for the artificial intelligence (AI) industry.
That’s because consolidation is the most likely way to exit in the AI space, with a few exceptions such as Astera Labs‘ (NASDAQ:ALAB) recent initial public offering.
"A lot of companies took a lot of very risky bets, a lot of them are running out of money," said Hugging Face co-founder and Chief Executive Officer Clem Delangue according to Bloomberg.
AI technology still lacks widespread use scenarios — not ideal for startups hoping to turn a profit in the near term. Larger companies are ...