The collateral is in a rack
By Viktor Yoshimura – 23th October 2026 Billions are lent against GPUs on the assumption they hold their value. Few have priced what it takes to get them back. The AI build has a credit problem, and most of the argument is about one number: how long a GPU keeps its value. That’s the starting […]
82% of the Pipeline Is Paper
By Viktor Yoshimura – 1st October 2026 Asia-Pacific announced a record data centre pipeline this year. For anyone downstream, reading it as future volume is the most expensive mistake on the table. Cushman & Wakefield put the Asia-Pacific data centre pipeline at 26,455 MW in its H1 2026 update, a record, up 7,103 MW in […]
From tonnes to value density: what AI racks do to ITAD economics
By Viktor Yoshimura – 26th of August 2026 The Circularity Brief — independent intelligence on IT asset disposition and the circular economy, Asia-Pacific & Japan. For most of its history, the ITAD business has been measured in tonnes. Trucks, dock space, shredder throughput, weight processed — the whole operation was scaled on mass. AI is […]