capex enjoyer prev: founding director, hydra capital @get_hydrahost | investor, @incomedonediff
Joined October 2026
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Kai Golden retweeted
watch how scarce compute becomes friends.
Anthropic's roughly $34.9B compute deal with Lambda can now be terminated by either company after Lambda failed to secure a facility lease by a set deadline.
It makes up about 85% of the $41.3B Anthropic committed to Lambda in deals signed in May, June and August, with terms running into 2034.
Anthropic only pays as capacity is delivered and accepted.
Neither side has sent a termination notice, and Anthropic says it does not currently intend to end the deal.
Otherwise, the Lambda contracts can only be canceled for an uncured material breach by Lambda or in other limited cases, and some tranche by tranche if Lambda misses delivery milestones.
Lambda is one of several providers, alongside Microsoft, SpaceXAI and Nscale, that give Anthropic access to $NVDA GPUs, including Grace Blackwell and Vera Rubin systems.
Kai Golden retweeted
the worst time to start a company is when everyone thinks it’s the best time to start a company.
people naively think raising $ is the hard part of building a company when it’s actually (1) hiring world class people + (2) competing for customers
both become harder for early stage startups in frothy markets.
all legendary companies were started at the beginning of market cycles, not after markets became frothy.
Kai Golden retweeted
The only thing worse than this is not having been outspoken about your crazy enough.
“Else, to-morrow a stranger will say with masterly good sense precisely what we have thought and felt all the time, and we shall be forced to take with shame our own opinion from another.” -Emerson
Kai Golden retweeted
human-in-the-loop
└ human-on-the-loop
└ human-near-the-loop
└ human-cc'd-on-the-loop
└ human-legally-liable-for-the-loop
Kai Golden retweeted
Cheaper tokens don't mean cheaper bills
Since May:
- Average token prices are down 67%
- Token spend is up more than 120%
Charts of the Week: a16z.news/p/charts-of-the-we…
The "Rack Spread" is unfolding, token prices are falling while GPU prices climb
Change since mid-July:
- B300 GPU rentals up 106%
- B200 up 66%
- H100 up 17%
- Average token prices down 58%
Charts of the Week: a16z.news/p/charts-of-the-we…
Kai Golden retweeted
GPUs were supposed to depreciate like a new car off the lot. Today, 2020 legacy GPUs are still seeing their rental prices rise.
Real-time data for the compute economy, powered by Ornn.
Kai Golden retweeted
Yes, no kidding.
That’s why local GPUs will be sitting on distributed networks 24 hours a day doing training and inference.
sam: local inference is a terrible allocation of scarce resources
“a lot of people want local inference, and somehow they assume that the problem is solved now because we have open-source models, we're going to be able to run them on our computers, and so we're not going to need all the stuff in the data centre
but from a global allocation perspective, actually it's quite terrible to have everybody, like, have a bunch of the world's limited supply of DRAM sitting in their own computer and being used five percent of the time
you want maximum utilisation in the cloud if you're trying to deal with this very supply-constrained environment
somehow many people's intuition is the opposite of that”
Kai Golden retweeted
Compute capacity renewal rates are high and prices are increasing.
The status quo of a 6yr straight line depreciation schedule are being challenged.
There is simply not enough deployed compute in the world.
Zooming out, GPUs are still renting ahead of a standard 6-year depreciation schedule
Rental price vs. schedule:
- H200: +143%
- B200: +111%
- RTX PRO 6000: +73%
- H100: +54%
- A100: +9%
Most of the gap opened up after April, when token demand took off
Charts of the Week: a16z.news/p/charts-of-the-we…
Kai Golden retweeted
With all of the focus on capex heavy businesses, VCs need to establish credit sleeves to stay relevant in competitive equity rounds
Kai Golden retweeted
NEW: The Romanian Air Force has released footage from last night’s mission to neutralize two Russian Geran drones that entered Romanian airspace.
Kai Golden retweeted
BREAKING: Ukraine has carried out the world’s first medical evacuation of a human via a drone from the battlefield the 30th mechanised brigade of Ukraine managed to save their injured comrade from a minefield.
Just absolutely insane.
Kai Golden retweeted
🇷🇺 Yandex Unable to Restore Its Data Centers Until at Least 2028 Due to Chip Shortages
Kai Golden retweeted
The Art Deco details of the Hoover Dam are incredible. One of the most beautiful pieces of American infrastructure ever built.
Kai Golden retweeted
🔥 In response to Russian attacks on Ukrainian data centers, Ukrainian Defense Forces hit the "Yandex DC Kaluga" facility in Kaluga Oblast using FP-1 drones.
With a capacity of 63 MW, it is Yandex’s largest data center. The strike knocked several modules completely out of service, marking the second of Yandex’s five major data centers targeted by Ukraine.
