Global Tech investor. definitely not important and definitely not investment advice.
Joined October 2017
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we live in a simulation hence all of life as we know it - is just *code*
stop calling “coding” a penetrated market
forest from the trees
Hemingway Capital retweeted
Revenue per GPU can increase as token prices decline if per GPU token throughput increases enough.
So both Anthropic revenue *and* margins can go up as token prices go down *if* GPU prices go up less than the product of (token price decline * per GPU throughput increase).
But I have super enjoyed all the commentary to the contrary!
Hemingway Capital retweeted
Thursday's 10-year Treasury yield decline of 0.193 percentage point (to 4.952%) is the largest single day yield decline since March 10, 2023, which is the day Silicon Valley Bank failed.
Hemingway Capital retweeted
Think the neocloud bond yields are pretty damn attractive.
The equity risk boils down to: neocloud signs 15-20 year leases and PPAs and buys GPU (ie cost side is fixed). Then it signs customers for 3-5 years at a time. Right now it’s great because spot prices are healthy. For example I’m sure OpenAI is very happy with the 300B Oracle contract because it locked in GPU hours at a price lower than spot. But when contracts come up for renewal and spot prices collapse, the margins are each site collapses.
I’ve done some back of envelope math and it looks like the senior down to unsecured tranches of these bonds look pretty safe. Anyone else get to a diff answer?
looking at the $CRWV situation and thinking Biggie was a visionary #notoriousBIG
Bro until you take back control from the teenagers ravaging the country for no good reason, how can we build $60bn data center in your failing country.
Jensen Huang le sait : la France est le pays le plus attractif d’Europe pour l’intelligence artificielle, grâce à nos talents, nos infrastructures et nos entreprises qui nous permettent de rester à l’avant-garde.
Depuis Choose France, notre coopération avec NVIDIA s’accélère, des startups aux grands acteurs industriels, en passant par les infrastructures de calcul et la recherche.
Avec une nouvelle étape aujourd’hui : NVIDIA investit dans des entreprises françaises et s’engage à soutenir notre initiative franco-allemande pour développer la recherche ouverte en Europe.
Cela a d’autant plus de valeur que nous partageons et portons la même exigence d’une intelligence artificielle ouverte, sûre et au service de notre souveraineté.
Merci cher Jensen pour votre confiance et votre soutien.
Wife is away for a couple weeks.
Thought I’d celebrate the end of the bull market with some of the best beef my city has to offer.
