Silicon Valley and Wall Street invent collateralized GPU obligations. Surely this will work out fine
Blackstone, Pimco, Carlyle, and BlackRock have so far lent $11 billion to GPU cloud companies — now apparently called “neoclouds” — such as CoreWeave, Crusoe, and Lambda Labs. The loans are collateralized by the neoclouds’ Nvidia GPUs.
Look ma, new asset bubble!