121–130 of 161 posts
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Indeed, Masa has more lives than a cat.
Have you seen his investor presentations? He is no longer building his war chest and is now executing on SoftBank’s 400 year plan Goose value 71 here: https://group.softbank/media/Project/sbg/sbg/pdf/ir/investor...
Also, actual talk that goes with the presentation: https://www.youtube.com/watch?v=DtM0Cjb0dEU
This is probably a lot more related to the fact they want to make GPUs an asset class. Nvidia is banking on the fact there will be an entire market that will guarantee whatever anyone needs.
A rapidly depreciating asset class of something that loses almost all its value in a few years and can't be repaired?
'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".
My thought exactly. "May guarantee" is meaningless nonsense. > 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.
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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.
> If shit hits the fan, the companies collapse, then Nvidia gets their money from the investors anyways. Is Nvidia guaranteeing the financing because OpenAI doesn’t have investor cash to pay the costs outright?
And Sam Altman needs a new source of financing because the US government is getting squirrelly about him continuing to raise capital from the Middle East in exchange for technology transfer.
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My thought exactly. "May guarantee" is meaningless nonsense. > 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.
>> the Wall Street Journal reported on Friday, citing people familiar with the matter.
"An insider told me NVidia spent 10 billions on hamburgers yesterday."
"An insider told me NVidia is thinking about maybe spending up to 10 billions on hamburgers or some foodstuffs by 2050".
Can you spot any differences?
'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".
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…
Yes, if this thing ever gets built, it will set a whole bunch of new records. If it doesn't get built, it will still set a bunch of records; some of them probably quite infamous. It is hard to describe the ridiculous scale they are trying to do there. For comparison, typical electrical demand is 17 GW and peaking to 25, with total generation capacity being 30 GW. That includes us-east-2, which is not a small data cen…
Earlier quoted context omitted.
Have you seen his investor presentations? He is no longer building his war chest and is now executing on SoftBank’s 400 year plan Goose value 71 here: https://group.softbank/media/Project/sbg/sbg/pdf/ir/investor...
That was terrifying. This is representative of who's funding all of this?
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>> the Wall Street Journal reported on Friday, citing people familiar with the matter.
The issue is "the matter" completely lacks any substance. "An insider told me NVidia spent 10 billions on hamburgers yesterday." "An insider told me NVidia is thinking about maybe spending up to 10 billions on hamburgers or some foodstuffs by 2050". Can you spot any differences?
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I mean, you can get quotes from four people convinced the earth is flat and that the earth is 6000 years old. Ed Zitron is bearish on everything to do with AI. I also don't believe the ROI is great investing in OpenAI and other similar corporations. But unlike Ed, I see the value in the technology. It's just the valuations that are wrong.
You should read what Ed Zitron is actually saying instead of just making things up. "is bearish on everything to do with AI", "(not) see the value in the technology" You totally got it wrong.
To be fair, and I haven't read Zitron in the last 6 months because I have a busy life, previously he also said AI was mostly useless. If he's come around on coding agents, I don't know.