Comment by hollerith Comment by hollerith 3 hours ago 1 reply Copy Link View on Hacker News Huh? Surely most of the investment in AI labs is equity investment, not debt (so it can't be defaulted on).
Copy Link wmf 3 hours ago Collapse Comment - The latest xAI GPU SPV is 2/3 debt; maybe that's a trend or maybe not. The debt will be defaulted and the equity will be recapitalized to almost nothing. Same outcome. Reply View | 0 replies
The latest xAI GPU SPV is 2/3 debt; maybe that's a trend or maybe not. The debt will be defaulted and the equity will be recapitalized to almost nothing. Same outcome.