The animated edition of The GPU Money Merry-Go-Round
Watch the GPU Money Merry-Go-Round Spin
Nvidia invests in the garages. The garages spend the money on Nvidia chips. Nvidia promises to pay for whatever capacity nobody else rents, through 2032. Press start and watch one dollar ride the carousel three times.
Want the Full Receipts?
The written post carries every source: the CoreWeave SEC filing behind the $6.3 billion backstop, the io-fund and Spheron writeups, and the Hacker News thread that started the argument.