spott

I think the answer is simply that private money is cheaper than public money for these companies right now.

OpenAI hasn’t had any problems getting impressive amounts of funding. So why ipo?

It likely cost them more than a million in compute to solve it…

That is why I added the last line.

But I also doubt Nvidia is on the hook if OpenAI just no longer wants the compute. I bet they are only on the hook if OpenAI cannot pay for it (is insolvent in some way).

I also have to bring up that OpenAI has already spat out an inference chip that beats Nvidia on flops per watt. So they could potentially not need the compute while other ai companies do.

Yea, but they would have to become insolvent in a way that makes compute lose value.

The reason Nvidia is comfortable making these deals is because if OpenAI can’t use the compute, someone else can.

Granted OpenAI going insolvent likely means a drop in the value of compute…

I don’t think I’d even have perplexity on this list.

Claude or OpenAI.

I’m not sure what the value of perplexity is these days.

Banning import/sale of the product into the US is worth a hell of a lot.

World building, story boarding/ story arc building, etc are great uses for an LLM in fiction.

Sure.

It would also wreck Japan.

“Biggest holder of us treasuries”

3.1 percent. Just for context.

It depends on how that debt is owned.

If I go to a bank, and I get a loan, then the terms of that loan allow the bank to do that.

If I sell a bond, then I set the terms, and I say that you can’t do that. You buy the bond understanding the terms.

China owns treasury bonds, they don’t have the ability to “bind up the borrower”. They can sell their bonds at market prices, but they can’t say “this debt is worthless, pay us now”. That’s not how bonds work.

How would china “make the call on us debt”?

That debt is all treasury securities bought on the open market.

They can’t demand the US pays them back early any more than you can.

I think it died before that, it was just that buried it then.