alt Hacker NewsIt's not "continue" buying as much as this is NVIDIA fronting the money for (most of) the hardware OpenAI has already ordered from them. It's like borrowing rent money from your drug dealer.
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kristjansson • yesterday at 8:53 PM
Conversely it’s equity for an in-kind investment. Dave Choe taking the Facebook shares writ large.
Great analogy. ;-)
Doubt Jensen sees himself as a “dealer” but considering the vendor lock-in and margins, he pretty much is the Tony Montana of Ai Chips.
It’s nuts that this type of financing is legal.