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

• not_your_vase 6mo ago
  > 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?