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New accounting principle proposes 30-year depreciation for GPUs

By PulseAugur Editorial · [1 sources] ·

A new accounting principle, dubbed the "Nigh End Principle," has been proposed to allow for the depreciation of high-value assets like a $30,000 graphics processing unit (GPU) over an extended period of 30 years. This principle suggests a depreciation schedule where $1,000 is depreciated monthly for the first few months, followed by zero depreciation for subsequent months. The concept is presented in the context of preparing for the end of an era, with a mention of starting to create with Gemini and a link to an article about an Anthropic researcher's fears regarding AI. AI

RANK_REASON The item discusses a novel accounting principle related to asset depreciation, but it is presented in a speculative and somewhat satirical manner, lacking concrete details or official endorsement, and is linked to a personal blog post. It also includes tangential references to AI models and fears, further distancing it from a core AI news event.

Read on Mastodon — mastodon.social →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

New accounting principle proposes 30-year depreciation for GPUs

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COVERAGE [1]

  1. Mastodon — mastodon.social TIER_1 English(EN) · [email protected] ·

    New GAAP principle: Nigh End Principle When the End is Nigh, you can depreciate the value of a $30,000 GPU over 30 years as follows: Jan $1,000 Feb $1,000 Mar $

    New GAAP principle: Nigh End Principle When the End is Nigh, you can depreciate the value of a $30,000 GPU over 30 years as follows: Jan $1,000 Feb $1,000 Mar $1,000 Apr $0 May $0 June Start creating with Gemini! # ai https://www. wired.com/story/anthropic-rese archer-quits-jacob…

    LINKS wired.com/…/anthropic-researcher-quits-ja…

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