AI's core assets - data centers and GPUs - last 2-3 years, though AI bosses insist on depreciating them over five years, which is unequivocal accounting fraud, a way to obscure the losses the companies are incurring. But it doesn't actually matter whether the assets need to be replaced every two years, every three years, or every five years, because all the AI companies *combined* are claiming no more than $60b/year in revenue (that number is grossly inflated).
28/
Cory Doctorow
npub1fd…jlvhs
2026-03-13 02:25:42 UTC
in reply to nevent1q…spv6
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