Zac Smith

Versus the buy your phone through Verizon. Let's figure out how to do that. And let's also solve things like circularity and full recycling and reuse of components and all the other stuff that goes with that. It can be better, not just more stable revenue. It can also just be better. And it's kind of what customers wanted too. Because customers kept expressing, hey, I want access to this stuff.

Versus the buy your phone through Verizon. Let's figure out how to do that. And let's also solve things like circularity and full recycling and reuse of components and all the other stuff that goes with that. It can be better, not just more stable revenue. It can also just be better. And it's kind of what customers wanted too. Because customers kept expressing, hey, I want access to this stuff.

I don't want to be sold more kit all the time. But it was so hard for the organizations, and I still think it is. I haven't seen any meaningful approach. And I'm kind of curious right now, especially given the dominance that NVIDIA has within its business you know, if it's going to try and change the model of transferring its IP, you know, the GPUs on as a service basis versus on a CapEx basis.

I don't want to be sold more kit all the time. But it was so hard for the organizations, and I still think it is. I haven't seen any meaningful approach. And I'm kind of curious right now, especially given the dominance that NVIDIA has within its business you know, if it's going to try and change the model of transferring its IP, you know, the GPUs on as a service basis versus on a CapEx basis.

And I just, I haven't seen that yet. And I'm quite surprised by that.

And I just, I haven't seen that yet. And I'm quite surprised by that.

I mean, I wouldn't, you know, we can get into the crazy wild idea. That's part of this podcast at some point. Let's do it.

I mean, I wouldn't, you know, we can get into the crazy wild idea. That's part of this podcast at some point. Let's do it.

I wouldn't be surprised. I think that the verticalized model of make your silicon and offer it as a service in data centers is amazing. working really, really, really well for a couple of big clouds right now.

I wouldn't be surprised. I think that the verticalized model of make your silicon and offer it as a service in data centers is amazing. working really, really, really well for a couple of big clouds right now.

I wouldn't be surprised that some of the chip companies do something like that, whether it's through a proxy like Intel, I believe, spun off part of its business in a joint venture called Articulate with an infrastructure fund. And I know that NVIDIA has just invested heavily in a lot of AI data center businesses, right? So they're making their moves to support that distribution.

I wouldn't be surprised that some of the chip companies do something like that, whether it's through a proxy like Intel, I believe, spun off part of its business in a joint venture called Articulate with an infrastructure fund. And I know that NVIDIA has just invested heavily in a lot of AI data center businesses, right? So they're making their moves to support that distribution.

But I wouldn't be surprised that they would go more direct if they could find a way to kind of get their heads around that. But just to go back to as a service, I think it's even more basic than that. And I'm like, just think of Apple, who I think just has a master class in this. They used to sell you phones, but now I just go on this upgrade cycle all the time.

But I wouldn't be surprised that they would go more direct if they could find a way to kind of get their heads around that. But just to go back to as a service, I think it's even more basic than that. And I'm like, just think of Apple, who I think just has a master class in this. They used to sell you phones, but now I just go on this upgrade cycle all the time.

And they take back the physical device from me and finance it on their Apple card or whatever. All I know is every –

And they take back the physical device from me and finance it on their Apple card or whatever. All I know is every –

18 months to two years it's super super easy for me to get a new phone and the other one goes back into the back of the store on roller skates you know or however like the apple cut comes out and brings me the new one and um that's for a physical device i hold my hand all day long the access of like most data center equipment is much easier because most people never touch it they never see it it just goes into a big data center in one of like 40 markets around the world

18 months to two years it's super super easy for me to get a new phone and the other one goes back into the back of the store on roller skates you know or however like the apple cut comes out and brings me the new one and um that's for a physical device i hold my hand all day long the access of like most data center equipment is much easier because most people never touch it they never see it it just goes into a big data center in one of like 40 markets around the world

which means we know exactly where it lands. Nobody really touches it except for service providers. And so I think there's a real opportunity to kind of do an upgrade cycle or a kind of circular model where it's like, instead of buying computers with

which means we know exactly where it lands. Nobody really touches it except for service providers. And so I think there's a real opportunity to kind of do an upgrade cycle or a kind of circular model where it's like, instead of buying computers with