-cont


Also, headlines dropped overnight that OAI is mulling to give the USG a 5% equity stake. If OAI does this, Anthropic will have no choice but to do so (sorry dario, you are no longer in the driver seat). I can see this extending to a USG backstop for the capex build out. Fundamentally, this represents another step towards the sovereign build out thesis.
Again, in this scenarios - given the duplication of build out that is required, it means even more capex...
$NVDA has also announced a new business model - through "economic align with a revenue-sharing and credit-support model" - listing Sharon AI and Firmus are among the first companies to work with NVIDIA on this new business model.
$NBIS is also due to drop an announcement soon, probably before its Q2 earnings - at Inflection Arkady said "I can assure you we will continue raising as creatively and efficiently as we did and there will be some announcement coming very soon". This is speculated to be for a contract for a new customer and be for bare metal. However, combining with NVDA's announcement, I am wondering if NBIS could get credit/balance sheet support from BOTH the client side and NVIDIA now. While this means giving some upside to NVIDIA, it might derisk the entire buildout and make it even more capital efficient. Remember, prior to this NIVIDIA invested 2B into NBIS on equity alone.
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