tag · Finance
4 piecesthe machine economy
the last dinosaur
CoreWeave is the GPU miner that came through the Merge. It survived small. It isn't small now.
potential conflicts of interest
A convertible loan from your chip supplier is not financing. It is a transfer of the decision to keep existing.
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softbank became an asset class
The record junk bond sale is not the number to watch. The share of the market it represents is. Last week in margin loan I noted reporting on a …
margin loan
SoftBank raised another twelve billion against OpenAI. The number is not the story; the collateral is.
also tagged · what these pieces share