The Next Fannie Mae Is Made Of GPUs

The Next Fannie Mae Is Made Of GPUs

The Next Fannie Mae Is Made Of GPUs Authored by Patrick Feeley via Substack, Private credit is financing the AI buildout against collateral with a short clock, and I think Washington ends up holding the risk... Karp's logic Alex Karp, one of the most contrarian CEOs ever, spent September making an argument most of the market has not yet absorbed, and I am writing this because I think it applies one layer further down the stack than he took it. I…