#NVIDIA

A lot of ink has been spilled on GPU financing lately. I spent over a decade trading ABS on Wall St, and structured over $2B+ of debt financings as an operator (including at @tryramp). Figured I'd try to make sense of this market, so I went back to a framework I knew well: aircraft ABS and aircraft engine ABS. My take: a GPU neocloud runs on airline economics, and the debt behind it looks a lot like aircraft engine ABS. The parallels: • Perishable inventory. An empty seat after the door closes is gone forever. So is an idle hour on an energized H100 rack. • 85%+ of cost is fixed (servers, 10-year rack leases, 10-14% debt service). One more hour of compute costs pennies of power. • Utilization is everything. Airlines break even around 80% load factor, a levered GPU cluster around 65-75%. The returns live in those last 25 percentage points. • NVIDIA is Boeing and Airbus rolled into one. Powered shells and grid interconnects are the new airport slots. • Wall St copied the aircraft financing playbook: take-or-pay contract plus servers in a bankruptcy-remote SPV, 70-80% LTV. Part 1 of my blog post goes into a lot more detail: http://alexyangsong.com/blog/aluminum-to-silicon/

“I commend you for declaring your nation an AI nation,” @nvidia CEO @JensenHuang told President @TokayevKZ during their meeting at Akorda. Through partnerships with Kazakhtelecom, Firebird AI KZ and Higgsfield, NVIDIA is helping strengthen Kazakhstan’s AI ecosystem and advance its ambitions to compete on the global stage.

Amused that AWS just unilaterally cancelled Cloudflare's Reinvent booth. There are always signs when someone finally realizes they're losing. Guess we'll just attend and throw the most fun side events without paying Amazon! Reply if you want an invite.

Jensen Huang le sait : la France est le pays le plus attractif d’Europe pour l’intelligence artificielle, grâce à nos talents, nos infrastructures et nos entreprises qui nous permettent de rester à l’avant-garde. Depuis Choose France, notre coopération avec NVIDIA s’accélère, des startups aux grands acteurs industriels, en passant par les infrastructures de calcul et la recherche. Avec une nouvelle étape aujourd’hui : NVIDIA investit dans des entreprises françaises et s’engage à soutenir notre initiative franco-allemande pour développer la recherche ouverte en Europe. Cela a d’autant plus de valeur que nous partageons et portons la même exigence d’une intelligence artificielle ouverte, sûre et au service de notre souveraineté. Merci cher Jensen pour votre confiance et votre soutien.

An evening in Paris with Jensen and the founders, researchers, and partners shaping AI across France. 🇫🇷

.@POTUS presents the National Medal of Science to Sergey Brin, @JensenHuang, @elonmusk, and @LisaSu, and the National Medal of Technology and Innovation to @MichaelDell and @satyanadella.

Has the Memory Cycle Broken? Plus: Nvidia & Broadcom’s $40B+ Financing Playbook With @BenBajarin and @jaygoldberg Chapters: (00:00) Intro (00:34) Micron Earnings: Has the Memory Market Structurally Changed? (05:10) The 2028 Supply Question & China’s (CXMT) Fast Fab Buildout (07:16) HBM vs. Commodity Memory: The Case for "Trailing-Edge" DDR4 (12:26) Opportunity Costs: Wafer Trade-Offs, Tesla De-Specing & Smartphone Cycles (21:16) Micron Stock Reaction & Market Skepticism (22:32) Inside HPE’s Investor Event: A Networking Company Now? (25:47) The Helios Rack, Broadcom Tomahawk Switches & HPE’s Unique IP Question (32:18) "Balance Sheet as a Service": Nvidia’s NDR Deck & Broadcom’s $42B Anthropic Loan (36:54) Why Fabless Chipmakers Finance the Ecosystem Instead of TSMC (41:13) Hock Tan’s PE Playbook & How Nvidia Forces Competitors to Spend (50:00) Tokenomics: Quantifying the Real Unit Economics of AI Models (52:34) OpenAI’s "Ultra Fast" Tier, GPU Optimization & Fragmented Model Pricing (57:32) Wrap-Up & Outro

The Korea Society thanks all distinguished guests who joined us for an unforgettable evening on Sept 28 celebrating the U.S.-Korea partnership and 2026 Van Fleet Awardee, @JensenHuang (@NVIDIA). Our sincere thanks to our generous sponsors who made the 2026 Annual Gala possible.

At @Ford, we care a lot about the Essential Economy, which is the workers who build, fix, and maintain the physical world around us. These skilled trades are the backbone of American manufacturing and we need solutions for closing the skills gap, and providing the education and resources that will power the productivity and growth of the #EssentialEconomy. Across industries and public and private sectors, we all need to work together. That's why this summer, Larry Fink from @BlackRock, Ruth Porat from Alphabet Inc. & @Google, Linda Hubbard from @Carhartt, and I launched the Alliance for America's Skilled Trades. Among other goals, we wanted to build a shared, trusted foundation of data on the state of skilled trades across America. So today, in partnership with Jobs for the Future (JFF) and The Burning Glass Institute, we’re officially publishing — The State of America's Skilled Trades: A National Report. Take a look: https://skilledtradesreport.com The report examines the forces shaping supply and demand across occupations and regions, to show where workforce systems are working well, where they're under strain, and where focused action can make the biggest difference. Alongside the report, we're launching America's Skilled Trades Dashboard — a first-of-its-kind interactive tool that makes the data accessible in one place. It breaks down the data by occupation and state, making it easy to explore local labor market conditions, identify where the need is greatest, and compare progress across regions. The dashboard is available at https://skilledtradesreport.com We also set out to grow this movement. Today, we're welcoming 14 new partners - @ATT, Barton Malow, @blackstone, @CintasCorp, @DEWALTtough, Dycom, @Hersheys, @ManpowerGroup, @Meta, @Microsoft, @MilwaukeeTool, @nvidia, @Verizon and @Waymo. Each has already stepped up individually. Now we're stepping up together. You can read more about today’s news here: https://www.fromtheroad.ford.com/us/en/articles/2026/alliance-for-americas-skilled-trades-expands-national-report #FordAccelerate #Accelerate2026 #SkilledTrades

The Atlantic recently called Nvidia founder and CEO Jensen Huang "the most powerful man in AI." He talks with CBS News' @jolingkent at Nvidia headquarters in Santa Clara, Calif., about the latest developments in artificial intelligence and the ongoing debate over safety and regulations. https://cbsn.ws/476ihUf