Startup shutdowns will continue at an elevated pace for the next 2 to 3 quarters, according to Peter Walker, head of insights at Carta.
There's one big caveat to these concernsThe generative AI boom is firing up demand for AI cloud services.
And they're using some of that new money to spend on AI cloud services.
The company's cloud growth was healthy in the third quarter, helped by demand for new AI services.
The company has been rolling out a slew of AI cloud offerings lately.
Persons:
It's, —, Carta, Peter Walker, Bernstein, Ruth Porat, Amy Hood, they're, we'll
Organizations:
Service, Carta, Services, Google, Amazon, Microsoft