Comment by littlestymaar
3 months ago
I think you're missing the point: H100 isn't going to remain useful for a long time, would you consider Tesla or Pascal graphic cards a collateral? That's what those H100 will look like in just a few years.
3 months ago
I think you're missing the point: H100 isn't going to remain useful for a long time, would you consider Tesla or Pascal graphic cards a collateral? That's what those H100 will look like in just a few years.
Not sure I do tbh.
Any asset depreciates over time. But they usually get replaced.
My 286 was replaced by a faster 386 and that by an even faster 468.
I’m sure you see a naming pattern there.
> Any asset depreciates over time.
That's why "those chips are very valuable" is not necessarily a good way to value companies - and it isn't if they can extract the value from the chips before they become worthless.
> But they usually get replaced.
They usually produce enough income to cover depreciation so you actually have the cash to replace them.
My 1070 was replaced by… nothing, I moved it from a haswell box to an alder lake box.
Given that inference time will soon be extremely valuable with agents and <thinking> models, H100s may yet be worth something in a couple years.
And that's why such assets represents only a marginal part of valuation. (And if you look at accounting, this depreciation is usually done over three years for IT hardware, and as such most of these chips have already lost half of their accounting value in the balance sheet).
> My 286 was replaced by a faster 386 and that by an even faster 468.
How much was your 286 chip worth when you bought your 486?
Yeah, exactly! I've got some 286, 386, and 486 CPUs that I want to claim as collateral!