I doubt there’s an asset to write off yet. Assuming normal accounting applies, OpenAI doesn’t owe them the money until they use the compute power. Then it beco

I doubt there’s an asset to write off yet. Assuming normal accounting applies, OpenAI doesn’t owe them the money until they use the compute power. Then it becomes income, and accounts receivable goes up until they pay for it. The stock market can anticipate income that hasn’t arrived yet, but that just affects the stock price. (ChatGPT tells me that accounting rules are different for leases of an identifiable physical asset, though.)