fwiw pangram believes the text is AI as well
They’re talking about accounting at big tech and not hyperscalers
Purchase commitments aren’t even future debt, they’re a future asset
The lease agreement does become a financial liability and corresponding asset when it commences. In this case the article is adding leases that haven’t started yet, so GAAP accounting rules prohibit it from being listed…
fwiw pangram believes the text is AI as well
They’re talking about accounting at big tech and not hyperscalers
Purchase commitments aren’t even future debt, they’re a future asset
The lease agreement does become a financial liability and corresponding asset when it commences. In this case the article is adding leases that haven’t started yet, so GAAP accounting rules prohibit it from being listed…