NVIDIA explicitly says the purpose is to relieve the labs’ capital/credit constraint on acquiring compute. On paper it’s “capital to spend on whatever helps th

NVIDIA explicitly says the purpose is to relieve the labs’ capital/credit constraint on acquiring compute. On paper it’s “capital to spend on whatever helps them grow.” In practice, their growth requires enormous amounts of compute, so it’s pretty close to “Here's more money so you can acquire more compute [silent part: much of it from us].”