Clouded Judgement 5.22.26 - The Neocloud Boom

kept by eddie may 25

The AI infrastructure buildout could require $7.5 trillion in spending by 2030, creating trillions in enterprise value for neoclouds like CoreWeave and Nebius.

GitHub - LMCache/LMCache: Supercharge Your LLM with the Fastest KV Cache Layer
LMCache is a vendor-neutral KV cache management layer that reduces time-to-first-token and improves throughput for LLM inference by enabling persistent storage and reuse of cached states.
also on CoreWeave, #ai-infrastructure
The SpaceX IPO and Data Centers in Space – Stratechery by Ben Thompson
SpaceX's $2T IPO lacks financial justification, but data centers in space for agentic AI inference could make the valuation plausible.
also on #ai-infrastructure, #data-centers, xAI, SpaceX, #business-strategy
How GPUs Became the Newest Financial Asset
GPUs are being financialized as a new asset class through debt securitization, derivatives, and tokenization, despite rapid obsolescence threatening traditional financial infrastructure.
also on CoreWeave, #data-centers
Why Elon Musk Is Racing to Take SpaceX Public - WSJ
SpaceX, long resistant to an IPO, now races to go public to fund orbiting AI data centers and help Musk's xAI compete with OpenAI.
also on #ai-infrastructure, xAI, SpaceX, OpenAI, Anthropic
xAI is looking more like a datacentre REIT than a frontier lab - Martin Alderson
xAI's GPU rental deals with Anthropic and Google transform it into a datacenter REIT-like business, driven by financial engineering, compute shortages, and infrastructure advantages.
also on #data-centers, xAI, SpaceX, Anthropic, #business-strategy