Margin calls hit leveraged AI positions in Asia as three AI companies face lower valuationsMachine translation

Bloomberg reports margin calls on leveraged AI positions in Asia, with brokers warning that the unwinding may continue. Anthropic IPO buyers are discussing a valuation as low as $1.1 trillion; OpenAI has lowered its fundraising target and has about $11 billion committed so far; and investors have pushed Nscale’s IPO valuation into a $16 billion to $19 billion range.