Rev retweeted
Claudification ™️ is a disease
When you are live on an earnings call and the CEO or CFO pauses for five seconds before answering a question about accounts receivables, you feel something. You cannot explain it cleanly. You just know that pause meant something. Read the transcript two hours later and that pause is gone entirely. The transcript says he answered the question. It does not say he needed five seconds to decide how.
When you visit management in person and the receptionist has been there for twenty-two years, that tells you something. When the parking lot is full at 4pm on a Friday, that tells you something. When the CEO walks you through the factory floor and he has unscripted personal dialogue with the line workers with what looks like genuine respect rather than performed deference, that tells you something significant about how this place operates.
None of that is in the 10-K.
microcapclub.com/the-last-mo…
Blackstone after buying 20% of the warehouses in the US at the peak in 2021 and then sticking them to rot in BREIT forever now wants to YOLO on data centers into compute over supply
Never change guys
Blackstone's Jon Gray says neoclouds that can deliver compute get 50% more for it than a year ago, and old H100s lease near their original rates
[ CoreWeave, a company that you work with... is seeing its yields on some of its debt go to 15%. ]
"Well, it is creating a challenge. And it's interesting when you talk about CoreWeave and the neo clouds, there's a real contrast between delivering compute and demand for compute."
"And so if you're in a neo cloud and you can deliver compute, the price you can get today is up 50% from where it was a year ago. Your older chips, the H100s, are leasing today close to their original rates, where people thought three or four years ago they wouldn't have any value."
