B · Normal
[Hassett refutes concerns about AI financing, saying there is no risk of a full sell-off in the industry] On November 3, Kevin Hassett, director of the U.S. National Economic Council, said that AI is a “very well-funded ecosystem” and that the industry is not at risk of a “full sell-off.” Some companies are carrying large amounts of debt, he said, but "there are some very well-funded companies everywhere that have equity, have debt, and may be willing to take action if someone gets into trouble." "I don't think they're going to need" to do that, he added. "Sometimes something does need to go down a little bit, but I don't think there's any risk of a full sell-off," he said.
Comments