Big Tech’s AI backstops risk ignominy

Big Tech companies are offering their balance sheets as emergency financial backstops for unproven AI startups, enabling them to borrow cheaply but risking ignominy if the investments sour, according to the Financial Times.

Big Tech’s AI backstops risk ignominy Source: Financial Times Technology https://www.ft.com/technology Big benefactors offer their balance sheets as an emergency ‘deep pocket’, enabling unproven AI companies to borrow cheaply Get AI news in your inbox Daily digest of what matters in AI.