It seems the first market correction in AI is underway. Musk believes many neoclouds will run out of money.

First reported Oct 26, 2026, 10:44 UTC

Source reports

It seems the first market correction in AI is underway. Musk believes many neoclouds will run out of money. But there's also an advantage to this, because the acquired compute won't disappear; instead, it will go to companies that already have strong revenue streams. Therefore… — @kimmonismus (X), Oct 26, 2026, 10:44 UTC

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