[bandrami]

It's not "continue" buying as much as this is NVIDIA fronting the money for (most of) the hardware OpenAI has already ordered from them. It's like borrowing rent money from your drug dealer.

[nelsonic]

Great analogy. ;-)

Doubt Jensen sees himself as a “dealer” but considering the vendor lock-in and margins, he pretty much is the Tony Montana of Ai Chips.

It’s nuts that this type of financing is legal.

[coliveira]

It's like credit cards loaning money to people who are unemployed and will default on payments. It's a risky business that is legal and can be very profitable, but may also be disastrous in the future.

[kace91]

>It’s nuts that this type of financing is legal.

You need people to burn in house fires for regulation to require extinguishers.

We're going to be the next generation’s cautionary tale.

[nradov]

I don't see the problem as long as materially significant transactions by publicly traded companies are properly disclosed to investors. If someone loses money by buying NVDA then they have only themselves to blame.

[Aperocky]

It is legal because Jensen isn't selling drugs, payday loans are legal too!

[kristjansson]

Conversely it’s equity for an in-kind investment. Dave Choe taking the Facebook shares writ large.