I don't know about Ed, but I've had scenes from Network stuck in my head for months, particularly the scene where the corporate hatchet man Hackett is explaining that a Saudi conglomerate is about to buy out a failing TV network. He says, "We need that Saudi money bad."
this post was submitted on 14 Apr 2025
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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I'm not really an accelerationist, but I'll make an exception for this
Many ordinary people lost their jobs and homes during the Great Recession, while no one at the top was ever held individually accountable. Knowing the dynamics of the tech world, a hard crash would likely end up playing out the same way.
Isn't being a fall-man the point of Coreweave for Microsoft, NVIDIA, and everyone else using them as middle-man? They all theoretically have the ability to do the things Coreweave does in-house, but that would expose them to more risk if the bubble pops, so they have Coreweave take on the biggest part of the risk and draw in outside investor money?
they use them out of need not out of want: coreweave happened to have the silicon already because it was going to be mining crypto. and in a market where trying to get new silicon is a months-backlog problem...
It's pretty sobering to see the financials laid out like this, and Ed even highlights some areas of uncertainty as though begging someone from OpenAI or Microsoft to provide the information to rebut his conclusions.