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> When it was all announced I was very very vocal that using an inexperienced startup for the sovereign compute capabilities seemed a very poor choice.

Cohere raised from Nvidia. Cohere spends on Coreweave. Coreweave raised from Nvidia and buys Nvidia chips.

This is why they buy from Coreweave.

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You're not implying there is corruption in the form of circular deal making in the AI/Tech industry, are you?

No, it's not "corruption". It's that very little real money changes hands. The smaller investors and debt providers get sucked into funding it but that's about it.

You get GPU rentals. Not the actual billions raised they claim. So it's just creative accounting to count the same money 2-4x.

Hah. Well, back in ~2004 we had a different name for "creative accounting" to generate "revenue" while very little money chnages hands. Back then we called it fraud. But I guess terminology changes.

This kind of circular deals are very common and doesn't violate any laws. It's the magnitude and prevalence of it in the AI sector that flashes a warning sign.

A lot of stuff doesn't violate any laws until it does. Laws are created after the crimes have already happened. That's why we have the letter of law vs the spirit of the law.

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