Comment by DebtDeflation | Hacker News Reader

Comment by DebtDeflation | Hacker News Reader

Parent Full thread

I Google News searched Poolside and found this:

https://techfundingnews.com/nvidia-prepares-up-to-1b-investm...

>Poolside operates across the US and Paris, focusing on coding automation tailored for government and defence clients.

>The company is also working on bold infrastructure expansion. Earlier this month, Poolside partnered with CoreWeave to build one of the largest data centres in the US under an initiative called Project Horizon. Set in West Texas, the facility is slated to reach 2 gigawatts of capacity, which is enough to power about 1.5 million homes.

Searching for Project Horizon led to this:

https://poolside.ai/blog/announcing-project-horizon

So another data center company, but focused on the Defense/Intelligence community. A hardware equivalent to Palantir?

> Poolside partnered with CoreWeave to build one of the largest data centres

Nvidia has a backstop deal with Coreweave [1]. I am sure this is all above board but seeing how these giants all have incestuous relationship with each other makes me uneasy about putting money in the markets.

[1]:https://www.reuters.com/business/coreweave-nvidia-sign-63-bi...

> seeing how these giants all have incestuous relationship with each other makes me uneasy about putting money in the markets

If you invest in index funds (instead of picking single stocks), you shouldn’t be too worries IMO.

E.g. something tracking MSCI World/All-World or just the S&P500 (US-only though).

You won’t get 100x homeruns (more like 10-15% avg returns/year), but you will drastically lower your risk of losing your money.

Yeah, the first article I linked says Poolside plans to spend much of the $1B investment from Nvidia on GB300's. It's all just one circular flow at this point with Nvidia giving everyone cash that they agree to use to buy GPUs from them.

Nothing brings joy and optimism like giving $1B to a "coding automation for defence" startup.

If there's one person I don't want to lose their job to a shonky AI agent, it's Stanislav Petrov.

Reply on news.ycombinator.com