7 ms·

How did you get the money to buy 512 H100s?

by moneycantbuy 3y ago

taminka 3y ago
ask no questions hear no lies
- rvnx 3y ago
  EDIT: They seem to be in a raising fund / debt stage. Great initiative
  - williamstein 3y ago
    Their announcement says "We can probably get a good deal from a bank [...]", so maybe they don't just have 20M USD sitting around.
    - rvnx 3y ago
      Well, this pushes me even further in the direction that they are actually good guys that need support, and that they are trying to bring a good deal on the table :)
  - deleted 3y ago
    [deleted]
  - herval 3y ago
    unrelated to this specific initiative, but - I keep seeing a lot of announcements of huge VC rounds around what's effectively datacenters for GPUs. Curious about the math behind that - I feel like those things get obsolete so fast, it's almost like the whole scooter rental thing, where the unit economics doesn't add up. Anyone have an insight?
humanistbot 3y ago
From sentence one of the post, it clearly states that they are VC funders who are doing this for a round of startups they just funded, and they're looking for others to be a part of it.
- flaque 3y ago
  Oh no, definitely not. We just got a loan. Neither Alex or I are currently VCs, and this has no affiliation with any venture fund. We want to be a customer of the sf compute group too!
  - xwdv 3y ago
    I’m curious, how are those loans guaranteed?
    - turbobooster 3y ago
      The only guarantee is them not paying it back
  - opportune 3y ago
    How’d you get this loan? Is it from a benevolent individual who just wants to make something happen? If not and you got the loan from a bank, super curious how you were able to get the bank to trust that renting out the GPUs would cover the loan or if some other reasoning convinced them. Assuming you aren’t trying to turn this into a big business, that knowledge might help a lot of other players run similar programs and further democratize SOA GPU access.
    - xwdv 3y ago
      I’m fairly certain this loan is either a private individual or a HELOC or something. No way is a bank just going to loan out a bunch of money to some startup like this.
turbobooster 3y ago
[dead]

How did you get the money to buy 512 H100s?

taminka 3y ago

ask no questions hear no lies

rvnx 3y ago
EDIT: They seem to be in a raising fund / debt stage. Great initiative
- williamstein 3y ago
  Their announcement says "We can probably get a good deal from a bank [...]", so maybe they don't just have 20M USD sitting around.
  - rvnx 3y ago
    Well, this pushes me even further in the direction that they are actually good guys that need support, and that they are trying to bring a good deal on the table :)
- deleted 3y ago
  [deleted]
- herval 3y ago
  unrelated to this specific initiative, but - I keep seeing a lot of announcements of huge VC rounds around what's effectively datacenters for GPUs. Curious about the math behind that - I feel like those things get obsolete so fast, it's almost like the whole scooter rental thing, where the unit economics doesn't add up. Anyone have an insight?

humanistbot 3y ago

From sentence one of the post, it clearly states that they are VC funders who are doing this for a round of startups they just funded, and they're looking for others to be a part of it.

flaque 3y ago
Oh no, definitely not. We just got a loan. Neither Alex or I are currently VCs, and this has no affiliation with any venture fund. We want to be a customer of the sf compute group too!
- xwdv 3y ago
  I’m curious, how are those loans guaranteed?
  - turbobooster 3y ago
    The only guarantee is them not paying it back
- opportune 3y ago
  How’d you get this loan? Is it from a benevolent individual who just wants to make something happen? If not and you got the loan from a bank, super curious how you were able to get the bank to trust that renting out the GPUs would cover the loan or if some other reasoning convinced them. Assuming you aren’t trying to turn this into a big business, that knowledge might help a lot of other players run similar programs and further democratize SOA GPU access.
  - xwdv 3y ago
    I’m fairly certain this loan is either a private individual or a HELOC or something. No way is a bank just going to loan out a bunch of money to some startup like this.

turbobooster 3y ago

[dead]