Post #3757441

Neoclouds like #CoreWeave are like the rug that the (US-specific[1]) AI industry, such as Nvidia, Microsoft, Meta, etc. are sweeping massive debt and risk under. The circular financing is literally keeping that debt and risk off the hyperscalers’ books. It’s like money laundering, except it’s…debt/risk laundering? Idk When this economic Jenga tower collapses, CoreWeave will be at the epicenter [1] China is pursuing a totally different strategy and this is completely underreported in the US. (cc @windsheep) https://io-fund.com/ai-stocks/nvidia-coreweave-nebius-circular-financing-gpu-boom