Earlier quoted context omitted.
Assume around $3/hr per H100 (pretty generous pricing for GCP), that is $2250/month-gpu, or for their fleet of 8000 comes to $18MM/month or around $216MM/year in just compute costs alone, not looking at SSD, bucket storage, or egress. At their initial investment of 465-320=$145MM that means they can’t have operated that cluster for longer than 6ish months without their funds running dry or the got massive discounts s…
Honestly, the more I look at this the more I'm mystified. Magic was founded in 2022 and they received their first funding round of $20 million a year later. Before that, the co-founder/CEO had founded some climate science education program called ClimateScience which he ran for 2 years: > Then, it hit them. They thought, “What if we create bite-sized information, following the same scientific standards of peer-review…
likewise, especially as a profitable bootstrapped founder
it's like these people don't play by the same rules as the rest of us