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- Hacker News
- > the deal that would move thousands of Grace Blackwell chips it is installing in US data centres into a special-purpose vehicle
> The cloud giant will then lease the advanced AI chips back from the SPV
I mean nothing is disappearing off the balance sheet. They have this lease agreement they will need to pay.
I would watch for what they do with the freed up cash though. If they use these GPUs they already own as collateral to *double down* on buying more GPUs then we got some serious downturn risk building because its leveraged.
Btw this is like 100% what Jensen was saying when he said gpu compute would be an "investable asset class".
by kingstnap - Nothing to see here folks. Nothing at all.by eigenspace
- Chips are automatically a depreciating asset - is there a historical basis for understanding how that affects companies, and how that will affect GPU-centric companies?by sourdecor
- are they trying to pull off what meta did?
link - https://www.reuters.com/legal/transactional/meta-set-clinch-...
- Meanwhile I can't afford a new gpu or ram...or cpu now.by jms703
- The chips stay in the racks either way. What changes is who owns them, and who eats it if they go stale. Lightening the books, or selling the stale-chip risk?by Eason123456
- It’s starting… buckle up folks.
It’s a shame we won’t have Anthony Bourdain to explain this move to us in the AI implosion docu-flick that comes out in 2029. It’s not stale fish, it’s fish stew! It’s a whole new thing!
by cmiles8