Post #4256639
2026-07-30 22:15 UTC
Oof: "The Second Derivative: Why No One Understands the AI Boom" https://www.groundbrkr.com/p/the-second-derivative-why-no-one
Replies (2)
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@bituur_esztreym@pouet.chapril.org 2026-07-30 22:24
@joebeone@techpolicy.social this part "It is increasingly financed not by selling overpriced equity but by contracting future cash flows and borrowing against hardware - take-or-pay capacity deals, GPU-collateralized term loans, off-balance-sheet vehicles, asset-backed notes sold to insurers. That is not the architecture of 2000. That is the architecture of 2008."
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@coolcalmcollected@mastodon.social 2026-07-31 07:19
@joebeone@techpolicy.social I'm going to have to read this 4 more times but now I understand why the tech bros keep extolling capex. this is insane