81–90 of 668 posts
I'm old enough to remember when vendor financing was both de rigueur and also frowned upon... (1990s: telecom sector, with all big players like Lucent, Nortel, Cisco, indulging in it, ending with the bust of 2001/2002, of course)
In accounting terms, this is a shady business practice known as "round tripping" where you invest in a company for the sole purpose of them buying your product. It allows you to count your revenue multiple times.
Also, investing in OpenAI means they get equity in return, which is not a worthless asset. There is actual mutually beneficial trade occurring.
Did I miss the part where they mention the 10 large nuclear plants needed to power this new operation? Where's all the power coming from for this?
Build this thing in the middle of the desert and you would need around 100 sq mile of solar panels + a fuck load of batteries for it to be energy independent. The solar farm would be around $10 billion which is probably far less than the gpus cost
I'm old enough to remember when vendor financing was both de rigueur and also frowned upon... (1990s: telecom sector, with all big players like Lucent, Nortel, Cisco, indulging in it, ending with the bust of 2001/2002, of course)
This absolutely feels like the Telco Bubble 2.0, and I've mentioned this on HN as well a couple times [0] [0] - https://news.ycombinator.com/item?id=44069086
In accounting terms, this is a shady business practice known as "round tripping" where you invest in a company for the sole purpose of them buying your product. It allows you to count your revenue multiple times.
It's a good time to gently remind everyone that there are a whole pile of legal things one can do to change how a security looks "by the numbers" and this isn't even close to the shadiest. Heck some sell-side research makes what companies themselves do look benign.
Did I miss the part where they mention the 10 large nuclear plants needed to power this new operation? Where's all the power coming from for this?
Build this thing in the middle of the desert and you would need around 100 sq mile of solar panels + a fuck load of batteries for it to be energy independent. The solar farm would be around $10 billion which is probably far less than the gpus cost
In accounting terms, this is a shady business practice known as "round tripping" where you invest in a company for the sole purpose of them buying your product. It allows you to count your revenue multiple times.
Earlier quoted context omitted.
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Environmentalists are just against progress. A few desert species going extinct is not a big deal. It's an arid wasteland. When we eventually terraform it (with desalinated water from solar / fusion) those species are going to die out anyway.
For someone who doesn't know what a gigawat worth of Nvidia systems is, how many high-end H100 or whatever does this get you? My estimates along with some poor-grade GPT research leads me to think it could be nearly 10 million? That does seem insane.