Why would you provide insurance to this shit? Default is 100% guaranteedhttps://x.com/carlquintanilla/status/2104897273373036574?s=20
Remember back in 2008 when that one giant insurance company called AIG had insured almost all the banks mortgage backed securities and when they failed, the insurance company simply couldn't afford to pay out and required a HUGE government bailout?
>>62736954yea we want that huge bailout :)
>>62736958Exactly. If everything goes according to plan, great! If not, the taxpayer gets the bill.
>>62736879If one company defaults and the Nvidia hardware pledged against the debt can't be sold, then that likely means the whole industry is in the doldrums.
>>62736879>PE buys up all the insurance companies>they all start investing in AI>they are all backstopped by the gov
>>62737091Won’t china want the used GPUs?
>>62740503It’s not about that. It’s about offloading the bill for the coming huge losses off the balance sheets of the scalers and the like onto the taxpayer. It’s scummy as hell. All this financial engineering going on in AI should be sounding alarm bells if your balls deep.
>>62736879>Why would you provide insurance to this shit? Default is 100% guaranteedNvidia is the wealthiest company in the world, they can afford lawyers. And I would never know what kind of sketchy shit they're in. So no, I wouldn't insure them.
>>62736879have they tried becoming profitable and not just a sinkhole of money going down the shitter?
