As an increasing number of AI assistants flood the market, the founder of Ollie, an assistant that respected its users' privacy, says it will be shutting down in a week.
Blackstone's forecast is just a prediction, but naturally, a high junk rating would make it more difficult and costlier for Anthropic to raise the money to keep funding its massive spending that has undergirded its business.
Big Tech is pouring billions into AI infrastructure, but mounting debt, negative cash flow, and growing investor skepticism are raising questions about the sustainability of the AI spending boom.