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smallmancontrov • today at 12:06 AM • 2 replies • view on HN

Did the frontier labs take out debt or did they make flimsy unenforceable agreements to neoclouds who took out debt?


Replies

bunderbunder • today at 1:04 AM

Borrowing money is not the only way to go into debt. They reportedly made binding and non-cancelable commitments. Once those commitments come due then they will be indebted to their counterparties until they pay up or the courts sort it out.

This is comparable to how, if I sign a 12 month non-cancelable lease and then don’t pay the rent, I will be in debt to my landlord.

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tjwebbnorfolk • today at 3:47 AM

Yes.