GoPro Warns of Going-Concern Risk Amid AI-Fueled Memory Crunch

Surging memory costs are pushing action-camera maker GoPro Inc. to the brink. The company, founded by Nicholas Woodman, warned of risks to its ability to continue as a going concern and is seeking financing to avert a default, according to a latest filing.

The San Mateo, California-based company reported a 26% revenue decline for the first quarter and disclosed at the time that it had received waivers from its lender after failing to comply with loan covenants. In an additional filing on Monday, the company said there is “substantial doubt about the company’s ability to continue as a going ...