Paul Haddad Aug 9, 2023
We’re like one step away from GPU Default Swaps right?
https://www.theverge.com/2023/8/8/23824661/coreweave-nvidia-debt-gpu-ai-chips-collateral
For this startup, Nvidia GPUs are currency

CoreWeave, a startup backed by Nvidia, is using its Nvidia chips as collateral for a $2.3 billion debt facility to buy... more Nvidia chips, among other things.

The Verge
Show threadPaul Haddad Aug 9, 2023
I’d make a joke about GPUs and bundling but Newegg literally bundled GPUs with power supplies that would explode not that long ago.
Show threadRoberto Villegas 💙💛
@paul there is a minor fear there will be a GPU shortage due to AI. I’m now wondering if what will happen is a lot of startups will default due to burn rate and essentially a bunch of VCs will flood the market with used GPUs.
Aug 9, 2023 at 2:00pmIvory for iOS