Microsoft's AI capex accounting as a gimmick
The speaker argued that Microsoft's recent change to extend the depreciation life of AI data center assets from 15 to 25 years is an accounting gimmick that artificially boosts earnings, given the rapid 2-3 year obsolescence cycle of chips.
Keep reading this one
You've read the thesis and who argued it. A free account opens the argument, what validates it, the risks the show raised, and the moment in the episode where it was said — 3 ideas in full a day, no card.