Thread

1. cmiles8 · 1790953287 · focus · HN ↗

   It’s starting… buckle up folks.

   It’s a shame we won’t have Anthony Bourdain to explain this move to us in the AI implosion docu-flick that comes out in 2029. It’s not stale fish, it’s fish stew! It’s a whole new thing!

   1. dannyw · 1790953724 · focus · HN ↗

      This looks just like financial engineering / creative accounting; to comply with things like GAAP rules and appearing less capex heavy, while functionally having the same effect.

      In the end, Amazon is still going to be the ones leasing and hence using the chips; nominally the 'owner' changes hands, and it looks like a bond (with a small equity component) in just about every way, except through some legal and accounting magic, it doesn't go on their balance sheet.

      1. kjs3 · 1790954187 · focus · HN ↗

         Yup, 100% financial engineering. Converting capex into opex so their balance sheet looks a particular way in the market, and probably shedding some other liabilities in the process. Other than the amount of money, this is so common it would barely be noteworthy.

Unofficial Hacker News client; not affiliated with Y Combinator.