Why Changpeng Zhao Said Most AI Firms Will Go Bust

Harsh Notariya

(08:56 AM UTC)

1 min read

Binance founder Changpeng Zhao (CZ) argued on Friday that most artificial intelligence (AI) companies will go bust, even as Anthropic closed in on a $1 trillion valuation and OpenAI moved toward its initial public offering (IPO).

His warning landed during one of the busiest stretches in AI fundraising history, with two private firms now collectively valued near $1.8 trillion and several…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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