AI MEETS AGGRESSIVE ACCOUNTING AT META'S GIGANTIC NEW DATA CENTER

Summary from the TLDR AI newsletter

Meta is building a $27 billion data center financed with debt. Neither the data center nor the debt will be on its own balance sheet. Meta will rent the data center for up to 20 years, beginning in 2029, starting with a four-year lease term with options to renew every four years. The lease structure minimizes the lease liabilities and related assets that Meta will recognize.