Amazon is looking to move $8 billion worth of Nvidia chips off its balance sheet into a special purpose vehicle that outside investors could buy into, according to the Financial Times. AWS CEO Matt Garman also pledged $1 billion for communities where Amazon builds data centers and said the company will no longer ask them to sign NDAs. Yahoo Finance Host Julie Hyman, Breaking Business News Reporter Jake Conley and Senior Autos Reporter Pras Subramanian debate whether off-balance-sheet AI financing hides risk, whether data centers really create lasting jobs, and Derek Thompson’s argument that AI’s promise of abundance was oversold.
Watch The 8:30 live weekdays 8:30-9:30am ET.
00:00 Amazon looks to move $8 billion in Nvidia chips off its balance sheet, per the FT
00:40 Off-balance-sheet deals spread across Big Tech
01:15 Is Amazon’s chip move that bad?
01:42 Less transparency on AI risk
02:15 Who’s left holding the bag?
03:00 Amazon’s $1 billion data center community pledge
03:55 Is Amazon getting ahead of the backlash?
04:30 Do data centers really create jobs?
05:29 Derek Thompson: Was AI’s promise of abundance oversold?
07:04 AI and entry-level accountants
07:34 How do young workers get a foot in the door?
08:19 Did AI leaders get the messaging wrong?
#Amazon #AI #DataCenters #YahooFinance
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