Meta May Become Its Rival's Landlord
Anthropic asked Meta to rent it up to $10 billion of computing power over two years. That a company building its own Llama models would lease server racks to the maker of Claude says everything about how scarce compute has become: more valuable now than the models it runs. In this market, yesterday's rival is today's landlord.
Read full story →A $400 Million Loan Backed by Chips Nobody Can Resell
The lender that pioneered borrowing against Nvidia GPUs just accepted very different collateral: SambaNova inference chips with no secondary market at all. It is a wager that the durable money in AI is moving from the one-off training run to the never-ending work of serving models, and that the debt markets have started to price it.
Read full story →Canberra Fears the Algorithm. Sacramento Fears the Layoff.
In the same week, two governments moved to rein in AI, and they are guarding against opposite dangers. Australia, scarred by Robodebt, wants humans back in the loop on welfare decisions. California, home to most of the industry, is building an early-warning system for AI job losses. Between them lies the whole debate.
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