#103 | The Interest Rate of AI: Financing Nvidia GPUs with David Choi

Why is every AI company suddenly trying to get a mortgage for their Nvidia GPUs? In Episode 104, Marco sits down with David Choi, the architect behind USDAI and the upcoming CHIP token, to expose the massive, hidden financial engine driving the artificial intelligence boom. While the market is distracted by chat models and software, the real bottleneck (and the biggest yield opportunity of the next decade) is financing the physical hardware. David breaks down exactly why traditional Wall Street and private credit are failing to fund the data centers, why RWA stablecoins keep breaking, and how CHIP is positioning itself to become the fundamental "Interest Rate of AI."---------Follow Marco's Twitter https://x.com/ManoppoMarco/Follow Lambro's Twitter https://x.com/2lambro/Read our free newsletter for the next best web3 products, strategies, and trends. Join 17,000+ web3 builders and investors at: https://launchy.app/--------Chapters[01:00] Intro: The Massive Shift in Private Credit & AI Financing[03:32] What is USDAI? Solving the GPU Financing Bottleneck[06:58] The House Arrest Trap: Why RWA Stablecoins & BDCs Break[10:13] The AI Mortgage: Why Startups Want to Own, Not Rent[13:32] Mythos, Blackwell Delays, & The Unseen Transition Costs[18:19] The CHIP Token: Setting the "Interest Rate of AI"[22:02] Why Escrowing Capital is Better Than Fake Yield[25:31] Repo Risk: How Do You Repossess a GPU?[27:17] Underwriting Standards: Fixing Aave's Structural Flaws[30:24] We Are Hiring: Building the Capital Markets for AI[32:26] Market Alpha: The Tranching Illusion & ERC-404s------------------------------DisclaimerAll views expressed by the me is solely my opinions. I may maintain positions in the assets discussed in this podcast. This podcast is for informational purposes only and nothing in the podcast is intended to be financial, legal, or even life advice.