TechCheck Big Tech’s AI Spending Spree & The Rise of Special Purpose Vehicles 3/26/25
Mar 26, 2025
Apple is making waves by entering the data center arena, potentially impacting its AI investments and reshaping key partnerships. Meanwhile, the podcast dives into the growing trend of special purpose vehicles in venture capital, highlighting their benefits for smaller investors while cautioning about transparency and risk. As major tech firms grapple with AI innovation, the landscape is evolving rapidly, raising questions about the future of these technologies.
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Episode notes
Apple's AI Data Center Entry
- Apple is entering the AI data center race, potentially spending $1 billion on NVIDIA systems.
- This move suggests Apple may build its own large language models, impacting AI partnerships.
Rise of Special Purpose Vehicles
- Special purpose vehicles (SPVs) are increasingly popular for private market investments, now comprising 64% of shares traded on Forge Global.
- SPVs offer concentrated bets on single companies but carry risks like diluted value and longer lockup periods.
SPV Investment Risks
- Be cautious with SPVs due to transparency issues and potential management fees that can reduce investment value.
- Consider the concentrated risk, longer lockup periods, and unclear return timelines before investing in SPVs.