David Gerard@awful.systemsM to

TechTakes@awful.systemsEnglish · 13 days ago

Banks turn data centre loans into 2008-style financial time bombs

pivot-to-ai.com

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Banks turn data centre loans into 2008-style financial time bombs

pivot-to-ai.com

David Gerard@awful.systemsM to

TechTakes@awful.systemsEnglish · 13 days ago

1

An asset bubble is an opportunity. By late 2024, financiers were already constructing collateralised GPU obligations, lending against video cards. CoreWeave borrows against its Nvidia GPUs — which …

party like it’s 2007

https://www.youtube.com/watch?v=LuBlliJ8QMU&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260511-banks-turn-data-centre-loans-into-2008-style-time-bombs - podcast

time: 5 min 40 sec

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13 days ago
At least people got housing back in 08

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