AI Neoclouds Lose Their Shine, Stalling IPOs and Sinking Stocks

The tide is turning on neoclouds, a business segment that’s emerged over the past few years to supply the vast amounts of data center computing needed to power artificial intelligence systems. The latest evidence that investors are losing faith: Elice Inc., a South Korean AI computing supplier scarcely known outside its home market until this week, tanked 32% in its debut in Seoul Tuesday. Bloomberg's Mandeep Singh breaks it down on Bloomberg Intelligence. (Source: Bloomberg)