>I suspect we can design a very interesting new kind of financial instrument for finance and compute that the world has not yet figured it out,” he said. “We’re working on it.
I can instantly read through that. He means adopt the Coreweave/Magnetar model (using the infra as collateral, and pairing it with deep committed customer order books to raise the quality of the collateral to improve the debt rating).
Ok, we will see. Markets have capacity and he clearly means to saturate it. It remains to be seen if the capacity to hold this sort of alchemical debt reaches a trillion.
It's a bit obnoxious how everything he says is apparently some sort of grand revolution - even debt financing. He's in a big industry now, with many near or arguably on his level in some respects.
I can instantly read through that. He means adopt the Coreweave/Magnetar model (using the infra as collateral, and pairing it with deep committed customer order books to raise the quality of the collateral to improve the debt rating).
Ok, we will see. Markets have capacity and he clearly means to saturate it. It remains to be seen if the capacity to hold this sort of alchemical debt reaches a trillion.
It's a bit obnoxious how everything he says is apparently some sort of grand revolution - even debt financing. He's in a big industry now, with many near or arguably on his level in some respects.