Nvidia and OpenAI in talks for up to $250 billion dollar backstop to fund AI infrastructure plans

eicker 65 points 24 days ago

A $250 billion backstop is an extraordinary amount of financial engineering for an industry that’s supposed to be the next industrial revolution: If AI demand is as inevitable as claimed, why does every new data centre seem to require increasingly creative financing and ever larger guarantees?

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Wildmimic 43 points 23 days ago

The banks wouldn't give them the credit needed without this. This is one of the signs of the bubble crumbling. The question isn't if the card house collapses, but when. We're all waiting for it. Currently the can still cover for each other, but that strategy only goes so far.

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village604 4 points 23 days ago

I think the military telling staff to conserve tokens was a pretty big step towards the pop.

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panda_abyss 7 points 24 days ago

They asked AI how much to spend.

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