GoPro warned it may not survive. The AI memory crunch is killing companies that make things people hold.
10 Articles
10 Articles
GoPro is one of the few brands in the world that is likely to be familiar to everyone and everyone. However, the action camera manufacturers weaken: sales are declining, at the same time memory chips are becoming more expensive. For the company, uncertain times are coming.
GoPro is a pioneer in the business with action cameras for surfers and snowboarders. The price shock in memory chips caused by the AI boom is now causing the company to fear for its survival.
The accelerated increase in costs with memory is leading the GoPro action camera manufacturer to a critical situation. The company, founded by Nicholas Woodman, alerted for risks to its ability to continue operating and is seeking funding to avoid a possible default, according to a recent document. Based in San Mateo, California, the company registered a 26% drop in revenue in the first quarter and reported, at the time, that it had obtained wai…
GoPro warned it may not survive. The AI memory crunch is killing companies that make things people hold.
GoPro warned on Monday that there is “substantial doubt about the company’s ability to continue as a going concern.” The action-camera maker reported a 26% revenue decline in Q1 and expects to breach several loan covenants. Shares fell as much as 14%. The cause is memory. GoPro said its earnings forecast has been “significantly impacted” […] This story continues at The Next Web
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GoPro is a pioneer in the business with action cameras for surfers and snowboarders. The price shock in memory chips caused by the AI boom is now causing the company to fear for its survival.
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