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

  >  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?