Catalog · M&A & Capital Markets

GPU-Backed & Neocloud Financing

What’s inside

1. Module 1

   Chips as Collateral: GPU-Backed Lending

   • When the Chips Become the Collateral · 3 min · narrated
   • The Two Clocks: Depreciation and Obsolescence · 3 min · narrated
   • Module review

2. Module 2

   Neoclouds and Their Capital Structures

   • What a Neocloud Is and How It Pays for Itself · 3 min · narrated
   • Reading the Capital Stack: Equity, Debt, SPVs, Leases · 4 min · narrated
   • Module review

3. Module 3

   Circularity Risk in the AI Capital Loop

   • How the Loop Forms: Vendor Financing in the AI Stack · 4 min · narrated
   • Concentration, Amplification, and Contagion · 4 min · narrated
   • Module review

4. Module 4

   Stress-Testing the Structure and the Buyer

   • A Practitioner's Stress-Test Framework · 4 min · narrated
   • Underwriting the Buyer: Labs as Infrastructure Demand · 4 min · narrated
   • Module review