“There is no neocloud that exists without [Nvidia CEO] Jensen [Huang],” says Saari. That makes neoclouds, in effect, extensions of Nvidia, he says. And none of them make money, so to expand, they must take on debt.
If we look at these as being, metaphorically, Nvidia’s special purpose vehicles, then it doesn’t really matter if the companies are any good or will survive in the long term. Their job is to boost Nvidia’s sales. Even OpenAI, also an Nvidia investment, kind of falls into…
