Mastodawn

jesus fucking christ so **this** is some 2008 shit right here. "common sense might tell you the collateral for this debt is hot garbage, but Moody's rates it investment grade, so pile in everybody!!!" maybe we will get that melt-up after all. https://www.marketwatch.com/story/coreweaves-stock-rises-as-investors-cheer-unique-financing-deal-e2d44c4e?mod=home_lead

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Matt Hall 1d ago

@peter

... This debit is backed by a deal from another firm almost certainly backed by debt of an unknown quality...?

Not only that... Have _any_ AI-related firms produced profits? Why is everyone so certain that they will?

Wishing for a thing doesn't _make_ the thing.

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Adriano 1d ago

@peter "Never before was this attempted!"

Ok so why would that not have happened, maybe a tech journalist could investigate,

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Peter 1d ago

@adriano [me diving head first off a roof into a kiddie pool] never before was this attempted!!

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Cy 1d ago

One can only hope we'll get it soon...

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Steam Powered Frisbee 🥏1d ago

@peter I'm not very techy, but don't those hardware assets depreciate very quickly?

Like if they were auctioned off in five years after a default, would it be approaching obsolescence?

@SPF yyyyyyyep!!

@peter ED Zitron, quite verbosely, made this exact point today https://www.wheresyoured.at/the-subprime-ai-crisis-is-here

The Subprime AI Crisis Is Here

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