[FabHK]

If you're talking about dodgy accounting at hyperscalers, a larger worry might be that they are overstating profits by depreciating their assets (such as datacenters and CPUs/GPUs) too slowly.

Estimates are that this could overstate profits by tens of percent. (However, this only allows earnings to be "pulled forward" - sooner or later the servers must be written off and the accounting catches up.)

See e.g. https://deepquarry.substack.com/p/depreciation-of-gpus-betwe...

https://www.ft.com/content/0dbfe94f-2136-432c-b075-4587092de...

Michael “The Big Short” Burry:

> Understating depreciation by extending useful life of assets artificially boosts earnings -one of the more common frauds of the modern era.

https://x.com/michaeljburry/status/1987918650104283372

[polski-g]

H100 rental costs are increasing.

If anything those GPUs should not be marked down at all.

Burry is wrong.

[zipy124]

Is this true? The best data I could find is that A100 costs are decreasing slightly, H100's have been holding steady and B-series have been increasing?

[polski-g]

https://x.com/i/status/2082168950649979109

[aphysically]

They’re talking about accounting at big tech and not hyperscalers