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Yeah. I bet there’s a win-win in the details where it gets to sound like a lot of investment for both parties to look good but really wasn’t actually much real
by Waterluvian 11mo ago
Yeah. I bet there’s a win-win in the details where it gets to sound like a lot of investment for both parties to look good but really wasn’t actually much real risk.
Like if I offered you $8 billion in soft serve ice cream so long as you keep bringing birthday parties to my bowling alley. The moment the music stops and the parents want their children back, it’s not like I’m out $8 billion.
- beambot 11mo agoEchoes of Enron-style accounting "tricks"...
- vasco 11mo agoAmazon gave away datacenter time share in exchange for stock in a startup. That has nothing to do with electricity futures and private credit revolvers.
- BoorishBears 11mo agoThey said echoes of the tricks.
- vasco 11mo agoI've read thousands of pages of Enron history, this has nothing to do with it.
- stingraycharles 11mo agoWhy does everybody keep insisting on this “Enron accounting” stuff. LLM companies need shitloads of compute for specialized use case. Cloud vendor wants to become a big player in selling compute for that specialized use case, and has compute available. Cloud provider gives credit to LLM provider in exchange for a part of the company. These are really normal business deals.