Elon Musk predicts mass extinction for AI cloud companies as SpaceX seeks $40 billion to buy more GPUs

Elon Musk, CEO of SpaceX and Tesla, has predicted a potential mass extinction of AI cloud companies due to a lack of funding. He stated that lenders have been reluctant to provide money to these companies without significant income outside AI data centers. SpaceX is reportedly seeking $40 billion to purchase more GPUs.