Serchai ✦ Comparador agéntico de IA

Incredible. Jensen is completing the circle. - Bankers don’t like GPUs as collateral because the depreciation is unpredictable - It’s unpredictable because a new GPU can obsolete an old one - Jensen knows his own roadmap - so he’s offering depreciation insurance to the banks - the depreciation insurance (up to 25%) helps the banks get marginal deals over the line Speculation - Nvidia will also advise the banks on “reference designs” for datacenters that will make them fungible - Having them be fungible means that the debt can repackaged into Asset Backed Securities, Collateralized Loan Obligations and Collateralized Debt Obligation (ABS, CLOs and CDOs from 2008 haha) - This allows tranching to get investment grade ratings on the debt so that it can be resold to pension funds and insurance firms - It also allows the banks to trade idiosyncratic project specific credit risk for sector wide credit risk So Jensen is trying to get his customers the same cost of financing as real estate rather than venture equity. This is going to move the data center game out of the VCs and into the big leagues.