Cole

AI Infra Finance • DC Builder • Structured Credit/CRE/CMBS • ex-MS & DB. 100x Agency to Scale... Not Financial Advice.

[Rittenhouse Research @RHouseResearch]

Baseten CEO @tuhinone tells Altimeter's @apoorv03 that one of Baseten's cloud providers has already indicated their B200 prices ($/GPU hour) are set to double when existing contracts expire and are up for renewal later this year.

"If you go out right now saying you want a thousand GPUs, truly.. people are talking about Q2 of next year. So 12 months out, maybe 15 months out.

We have a cluster.. in one of these clouds.. of B200s.. Our unit price right now is $2.63 an hour.. that's up for renewal in October. They came to us already in May and said $5.10 is the new price.. So double."

[Cole @Fortifiedvc]

@wayne_nelmz 🤣

[Y Combinator @ycombinator]

.@ApolloAtomics builds the most compact nuclear reactors with the highest uptime and a deployment time of less than 24 months.

Apollo took the pressurized water reactor technology that already powers 80% of the world’s nuclear plants and flipped one part, the steam generator, to make the plant an order of magnitude smaller without compromising power.

Congrats on the launch, @AssilHalimi & Drew!

https://t.co/5lGDpZhmQ5

[Cole @Fortifiedvc]

$FOTO
@aleabitoreddit thoughts?

[Ornn @OrnnExchange]

https://t.co/r2PwgZlI56

[Cole @Fortifiedvc]

@Speculator_io $FOTO - pure play photonics

[Cole @Fortifiedvc]

@jaminball 100000% correct!!!!

[Cole @Fortifiedvc]

@TuttleCapital What are the holdings in $FOTO ???

[Apollo Atomics @ApolloAtomics]

Building the modern nuclear company.☢️

[Cole @Fortifiedvc]

@AnthropicAI @AltimeterCap @Greenoaks @sequoia https://t.co/2GDs4PiYmv

[Cole @Fortifiedvc]

It’s not “one side is wrong.”
The chain is pricing two incompatible scarcity regimes at once — silicon-constrained vs. power-constrained. You don’t need to win both. You need to be right about which input runs out first.
@GavinSBaker’s bet is wafers. Mine is electrons. Same trade, opposite ends of the cable.

[Cole @Fortifiedvc]

@daniel_koss He knows this is the 5th hyperscaler ..!

[Philip Johnston @PhilipJohnston]

I’m super excited to share that we have signed a contract with @SpaceX @Starlink to integrate its mini laser terminals onto our satellites for high bandwidth, low latency connectivity!

[Cole @Fortifiedvc]

@knockouttrader Switching costs will be astronomical for customers.

[Cole @Fortifiedvc]

@SmallCapSnipa Can you share source document here?

[Philip Johnston @PhilipJohnston]

Excited to see the Starship launch with @gavinsbaker, can’t wait for our next @starcloud_-2 @spacex launch in January!

[Cole @Fortifiedvc]

@elonmusk @AnthropicAI @SpaceX https://t.co/2GDs4PiYmv

[Cole @Fortifiedvc]

@chamath https://t.co/FgMiozBhpz we have power in CEE...

[Ornn @OrnnExchange]

Every trader can now take a position on the most important commodity of the AI infrastructure buildout: compute.

@OrnnExchange x @ICE_Markets are partnering to list the first transaction-based compute index on a regulated exchange today.

Compute is a commodity.

https://t.co/hP0vyJU08G

[Molly O’Shea @MollySOShea]

Coatue CIO of Public Investments Jaimin Rangwalla explains why the market is rewarding AI infrastructure suppliers

..and punishing the hyperscalers buying the shortage:

YTD Return:
Sellers ~107%
Buyers ~4%

"Amazon & Google are in an unusual camp"

Full list:

Sellers of Products in Shortage:
- Broadcom
- Coherent
- Marvell Technology
- GE Vernova
- Lumentum
- Samsung Electronics
- Micron Technology
- NVIDIA
- TSMC
- SK hynix
- Western Digital
- Seagate Technology
- SanDisk

Buyers of Products in Shortage:
- Amazon
- Google
- Meta Platforms
- Oracle
- Microsoft

@coatuemgmt