AI chips

“Unlike the dot-com boom's fiber cables, the latest AI chips rapidly depreciate in value as technology approves, much like an older model car. So yeah, that's actually a big point all this money on the depreciating asset.”

“And that's where we think in a three year timeframe, three year old chips will just not be able to do enough computations to be worth keeping them on. So either we replace them or we use them for much less important things. That will generate much less revenue…”

“And then what these companies are doing is putting power, what they call behind the meter, which is to say generators and turbines and diesel trucks, because it's so lucrative that it's worth it for them to park 10 diesel trucks and run them so they can power …”