When Compute Commitments Become Claims
Electricity demand, customer credits and creditor timing.
Open the paperEconomics / Policy / The worldExplore the research map ↗
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Working paper / AI infrastructure
When compute commitments become claims.
Follow the path from a request for power to a signed commitment, and from customer funding to creditor payments. The paper examines what each stage establishes.
Follow the moneyCase / Customer funding
$300m
Estimated infrastructure funding
in the June 2024 agreement
CoreWeaveCore Scientific
← Credits against future hosting fees
Credits capped at half the monthly hosting fee. Announcement: 4 June 2024.
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Browse the research library ↗How Indian Is India’s Export Boom?
Separate the domestic value embodied in exports from its share of gross exports.
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Articles and working papers, with the evidence behind each argument.
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Read articleWhen Compute Commitments Become Claims
Electricity demand, customer credits and creditor timing.
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Read articleInside the evidence
Numbers need
their context.
A company, a reporting period, a denominator. Our investigations let you follow the calculation back to the original disclosure.
Read the paper’s accounting comparisonA longer useful life.
A measurable earnings effect.
Read the disclosed benefit against each company’s own reported net income. Both figures include the effect.
Year ended 30 June 2023
Disclosed net-income effect / reported net income
Disclosed increase in net income$3.0bn
Reported net income$72.361bn
Equipment-life revision
Four years → six years
Server and network equipment. The numerator is rounded. This ratio measures the disclosed historical accounting effect; it is not an estimate of AI profit or a share of earnings growth. Company periods and asset populations differ.
Trade and production
How Indian Is India’s Export Boom?
From 2015 to 2022, domestic value embodied in India’s exports rose by $211.8 billion in current-dollar OECD estimates. Its share of gross exports fell by 6.08 percentage points.
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