this post was submitted on 26 Sep 2025
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Fuck AI
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People roll negative equity on car leases all the time.
I await the invention and then subsequent collapse of the suprime GPU leasing market.
If we are real lucky, they'll figure out how to collateralize those loans for maximum financial damage.
I thought they already have that? At least i remember reading about coreweave or similar using their GPU's as collateral to buy more GPU's like a year ago.
Oh god I had not heard of that.
Well, lets hire some accountants and actuaries and get that all the way up to CDOs or a GPU-Lending futures based ETF on the DJIA/Nasdaq, I guess.
After all, its not the state of the economy after the bubble bursts that matters, its the profits you made along the way!
I think it was this one from 2022 that mentions coreweave borrowing 29 billion backed by GPUs.
especially nice given how fast they depreciate.