31–40 of 232 posts
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That’s how you can decide if this is disingenuous or not. If Meta is obligated to repay the loan and used to synthetic means to get it off the balance sheet that’s a problem.
If they have in fact successfully transferred risk to other parties then that’s what deals like this are for. It’s the whole reason the concept of limited liability exists.
I am fully willing to believe it’s the former. But that’s the test.
Downstream of the capex to build the data centre is, presumably, a sister capex to build a power station. At what stage do these come hand in hand? Or does this financing include provisions to pay the electricity bills for the next ten years which, in turn, gets used by the power company to finance the construction of a new power plant? The power company gets some kind of heads up?
If I finance the construction of a mile long dinner table due for late November 2026, presumably some of that had to trickle down into a local turkey farm, lest everyone go hungry?
Earlier quoted context omitted.
If the llc declares bankruptcy does meta have to pay the bank for it - or can they buy the assets at fire sale prices?
I have skimmed through the article and if I get the details through all the humor, satire and sarcasm even remotely correct, the major assets are actually the duality of payment obligations and residual value guarantees, both from meta. One could include cost overrun protection at the construction time too. The "fire sale prices" would be so delicious as to guarantee that the entity(-ies) involved stay solvent as lon…
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Is Meta actually obligated to repay the loans or not? That’s how you can decide if this is disingenuous or not. If Meta is obligated to repay the loan and used to synthetic means to get it off the balance sheet that’s a problem. If they have in fact successfully transferred risk to other parties then that’s what deals like this are for. It’s the whole reason the concept of limited liability exists. I am fully willing…
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I personally think it’s a great response and makes it clearer what’s happening
Times are changing quickly!
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This might be the first time an explicit ChatGPT response survived being the top comment I personally think it’s a great response and makes it clearer what’s happening Times are changing quickly!
Earlier quoted context omitted.
This might be the first time an explicit ChatGPT response survived being the top comment I personally think it’s a great response and makes it clearer what’s happening Times are changing quickly!
One year ago was taboo to say you were using LLM to help you code, today is the other way around...
Earlier quoted context omitted.
This might be the first time an explicit ChatGPT response survived being the top comment I personally think it’s a great response and makes it clearer what’s happening Times are changing quickly!
One year ago was taboo to say you were using LLM to help you code, today is the other way around...
Folks in the comments here begging ChatGPT to teach them how to read
ChatGPT isn’t really a solution because the source is both low quality and has questionable motives. Going to any of the other good articles on the subject that have been linked in this comment section is much better.