71–80 of 161 posts
Earlier quoted context omitted.
All economics is circular financing, that's how it works. You pay Apple for a MacBook, Apple uses it to develop a better MacBook. What goes wrong is leverage. We haven't seen much hint of the 10x leverage kind of deals that brought down the house in 2008.
Shouldn’t the analogy be “Apple lends you money to buy a MacBook. You pay Apple for a MacBook…”
Earlier quoted context omitted.
Again, this is how all of economics works. A Toyota dealership arranges a loan for you. Through a bank for a used vehicle, sometimes through Toyota itself for new cars. A house builder will routinely take on part of the loan providing burden to get some of the interest. Even someone selling you their thirty year old house will often provide seller financing. You may have ideological opinions against this, which is fi…
It turns out what’s fine for companies to do with individuals at relatively small scales is not fine for companies to do at massive scale and leverage
It could be wrong, sure. But extraordinary claims require extraordinary evidence.
For what it's worth, I agree with you on the leverage part, just not the scale part.
Earlier quoted context omitted.
I'm hoping when the shit hits the fan, you can get a sick GPU for cheap.
it'll be a rack based GPU without video ports. The only thing getting sick GPU's will be landfill when they all burn out and the data center rationalization happens.
Earlier quoted context omitted.
The loans will just take longer to repay. There is a market for Anthropic & OpenAI, it just likely doesn't have the 200B profit each year required for the maths to make sense. If shit hits the fan, the companies collapse, then Nvidia gets their money from the investors anyways.
NV might end up owning them.
Unlikely but quite interesting.
Earlier quoted context omitted.
I'm hoping when the shit hits the fan, you can get a sick GPU for cheap.
it'll be a rack based GPU without video ports. The only thing getting sick GPU's will be landfill when they all burn out and the data center rationalization happens.
Still fine for running APL with the dfns compiler, Futhark or other array languages directly hosted on the GPU itself!
Earlier quoted context omitted.
it'll be a rack based GPU without video ports. The only thing getting sick GPU's will be landfill when they all burn out and the data center rationalization happens.
I went down a rabbit hole of refurbing burnt out crypto gpus. It’s really not too complicated but can be hit or miss. Need to get a box full.
Earlier quoted context omitted.
Shouldn’t the analogy be “Apple lends you money to buy a MacBook. You pay Apple for a MacBook…”
Great you brought that up, if you look at Apple's website you can now 'lease' a MacBook for 30-60$ per month :)
'May guarantee' is an oxymoron I've never come across before. Mangled headline. The article title is "Nvidia scales back funding guarantee for Ohio OpenAI data center, WSJ reports".
> Nvidia has revised its plans to support a proposed OpenAI data center project in Ohio and is now expected to initially guarantee less than $120 billion
There is no actual information in this article. "Plan", "proposed", "expected", "initially", "less than". It's just a report on the thoughts of some people.
It's worth noting that this is deal that has never been signed previously. There's a release from DoE about it: https://www.energy.gov/articles/fact-sheet-department-energy... That's a horrible amount of gas energy generation. https://www.datacenterdynamics.com/en/news/openai-in-talks-t... has more details. The whole campus build could be as much as $500B. Would that be the most expensive single thing ever built? The…