Cash-strapped AI chip startup Hailo sees valuation halved ahead of urgent IPO

	▲	Cash-strapped AI chip startup Hailo sees valuation halved ahead of urgent IPO(calcalistech.com)
		2 points by muxamilian 6 hours ago \| 1 comments

	▲	not_your_vase 6 hours ago \| parent [-]
		`> interest rate of 1.5% per month, which could rise to 3% if a liquidity event is not completed within a year` Lol wut. Loan with 20% or 43% (compounded) interest per year? Are sizzling hot AI startups really forced to go to loan sharks, reputable banks and other venture capitalists don't even come into picture?