It's been a bit of a rocky week in tech markets, particularly for companies heavy on debt. We'll get into it on today’s “Marketplace Tech Bytes: Week in Review.”
Plus, the king of streaming, Netflix, announces plans to cut around 6% of its staff. And on Wall Street, AI skills could be your ticket to a raise.
But first, back to the jitters in AI markets. Stocks slumped this week on fears of rising borrowing costs. Already, Morgan Stanley data show debt issuance for AI-related projects slowed last month — down significantly from a record high in June.
The AI cloud computing provider CoreWeave — often pointed to as the face of risky AI financing — saw its bonds fall to levels typically associated with financial distress. Its stock price took a hit too. So could this be a sign of a larger trend?
To discuss, Jewel Burks Solomon, managing partner at Collab Capital, joined Marketplace’s Meghan McCarty Carino.
AI borrowing slows as investors grow wary of debt binge — from the Financial Times
Netflix to lay off roughly 1,000 employees, or 6% of workforce — from CNBC
Wall Street firms tie bonuses, promotions to AI skills, survey finds — from Reuters
Apple
Spotify
Amazon
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