DSHR's Blog: Mind The GAAP Again

kept by eddie feb 06

Hyperscalers and pure-play AI companies face a severe accounting mismatch between straight-line depreciation of GPUs and their rapidly declining value, potentially hiding hundreds of billions in future charges.

15 Stocks That Made Investors the Most Money Over the Past 10 Years
Over the past 10 years, 15 stocks created $27 trillion in shareholder wealth, led by tech companies with wide economic moats and strong growth.
also on Alphabet, Meta, Microsoft, Nvidia, #business-strategy
OpenAI has effectively abandoned first-party Stargate data centers in favor of more flexible deals — company now prefers to lease compute and says Stargate is an umbrella term
OpenAI has abandoned building first-party Stargate data centers in favor of leasing compute from third parties like Oracle and Microsoft.
also on Oracle, Microsoft, #cloud-computing, OpenAI, #business-strategy, #ai
The Teaser Period: Why the AI Boom Is Hitting a Reset Wall
The AI boom mirrors 2008's housing crisis as take-or-pay compute contracts create a 2027-2028 'reset wall' where payments start despite labs' revenue being insufficient to cover obligations.
also on Oracle, Meta, #enterprise, OpenAI, #business-strategy, #ai
Apple vs. the AI Hype Cycle - Eric Lamb
Apple's durable hardware ecosystem makes it resilient to an AI market correction, unlike peers priced on AI optimism.
also on Alphabet, Meta, Nvidia, OpenAI, #business-strategy, #ai
Things I Think I Think... The New Internet Era
Drawing on dot-com history, predicts AI-focused companies like OpenAI and Anthropic will collapse while incumbents like Apple, Microsoft, and Meta survive by treating AI as a means, not an end.
also on Meta, Microsoft, Nvidia, OpenAI, #business-strategy, #ai