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15 results for “compute investment”
In the press release you quoted, they said, we're gonna start to spend a $100,000,000,000 in 2025. So with $13,000,000,000, you know, you you can stand up maybe 250,000 GPUs this year. Out of the $13,000,000,000 of CapEx required, you know, if you ma
9:44 / 10:45
from transcript9:44 – 10:45
So relative to the .com, CapEx is actually supported by cash flows, and CapEx as a percentage of revenue is considerably lower. So that's simple headline. We can zoom to the next slide, but, you know, I feel much better about this CapEx, you know, dy
30:00 / 31:00
from transcript30:00 – 31:00
...NPV positive investments, and we can we we can dig into that.
14:08 / 15:24
from transcript14:08 – 15:24
...investment, from your CapEx to actually make this all pencil? So, Kabir and I from the investment team, did some work. And here's a couple of data points. So an h 100 cost you about 25 or 30 k MSRP. You might get a discount if you spend a lot of mone
28:28 / 29:55
from transcript28:28 – 29:55
...for investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. Risks include principal loss and the use of derivatives, which could increase risks and volatility. Monthly income i
17:58 / 19:15
from transcript17:58 – 19:15
...b to b AI investment. It's early, but it uses more inference than anything I've invested in yet. And in fact, what they want to do soon is to use 20 fourseven inference to be running massive amounts of compute for a relatively common B2B use case 20
54:35 / 55:58
from transcript54:35 – 55:58
And then from 2010 to 2015 era, their hardware system for cloud allowed them to kind of extend through repurposing the utilization, and they increased their depreciation from to four to five years. And then in 2021, I don't know if you guys remember
1:14:57 / 1:16:02
from transcript1:14:57 – 1:16:02
But there's another way to look at this as well, which is that we're not even talking about $500,000,000,000 in CapEx. But instead, you know, Dylan, who was on our pod in December, has done an analysis that says maybe they were talking about the tota
15:42 / 16:49
from transcript15:42 – 16:49
I'm I'm able to keep both those things in my head at the same time. I I I think I I think it's a super fair point. By the way, you just mentioned it, so we'll include this chart. This is Mag five CapEx as a percentage of their operating free cash flo
22:22 / 23:35
from transcript22:22 – 23:35
...the compute we are now in twenty four months. Like, help me do the math. If we're using AI 20 times more a day and 10 times more tokens, If all things were equal, which they're not, how much more do we need to spend on infrastructure to spend 200 tim
1:00:38 / 1:01:48
from transcript1:00:38 – 1:01:48
...buy more compute in 2025? And I think what we can put to bed based upon the conversations we've had, what people are hearing out there, the conversations at CES, there are going these investments are going to show up in 2025. Right? And the reason th
15:45 / 16:49
from transcript15:45 – 16:49
...investment, you write down over a period of time that you as an accountant estimate to be the useful life of that asset. So if you're gonna use a building for twenty years, every year, you write down the cost of that building by one twentieth. You do
26:14 / 27:24
from transcript26:14 – 27:24
And as you can see in this little dataset here, the depreciation and amortization cost at CoreWeave, which is a NeoCloud, rose from basically 80,000,000 in the first quarter of twenty four all the way up to 444,000,000 in the first quarter of this ye
57:00 / 58:09
from transcript57:00 – 58:09
what kind of revenue is coming in if you're like XAI. You asked about Colossus, their 100,000 h 100 Yeah. Data center. That's about a $3,000,000,000 spend. If you attach a four year depreciation schedule, that's about $750,000,000 a year in expected
29:56 / 31:04
from transcript29:56 – 31:04
So people added back the depreciation, as they do with REITs, and they valued the amount of so called FFO or AFFO, which is a cash flow metric. But in fact, unlike warehouses, shopping centers, to a lesser extent, office buildings, the CapEx was real
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from transcript14:12 – 15:15
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