And I actually think Michael Bur's got this wrong. And so what Michael Bur is saying is that all of these hyperscalers have extended their depreciation schedule or the useful life of their data centers by roughly 2x which cuts the operating costs in half when they report it in earnings and so it's making their earnings inflate. So he's claiming they're cooking the books.Google first made this change in Q1 of 21 where they said the servers are now going from 3 to four years. The chart shows the combination o ...

underneath what everybody sees as AI today. There's a whole movement of computing from general purpose computing to accelerated computing. We've been pushing this now for some over 20 years.There are three things that's happening. We all know that Moors laws run its course. The amount of demand for computing is really challenging.One of the most intensive computation things that the world does in cloud is data processing. Several hundred billion dollars of computation is done on just raw data processing. Ha ...

Summary of Firefly Aerospace Conference Call on Acquisition of SciTech Incorporated Industry and Company Involved - **Company**: Firefly Aerospace (NasdaqGM: FLY) - **Acquisition Target**: SciTech Incorporated - **Industry**: Aerospace and Defense Core Points and Arguments 1. **Acquisition Announcement**: Firefly Aerospace has entered into an agreement to acquire SciTech Incorporated, enhancing its capabilities in software and data processing for defense applications [2][5]. 2. **Strategic Importance**: The acquisition is part of Firefly's strategy to bolster its four revenue-generating product lines and enhance its software capabilities, which are crucial for growth and diversification [5][6]. 3. **Complementary Strengths**: Firefly's hardware capabilities are likened to a smartphone, while SciTech's software is compared to the apps on that smartphone, indicating a synergistic relationship that will enhance overall service offerings [6]. 4. **SciTech's Expertise**: SciTech brings over four decades of experience in operational defense software applications, including AI and machine learning for data exploitation, which will significantly enhance Firefly's offerings [7][8]. 5. **Recent Achievements**: SciTech recently completed the operational acceptance of the US Space Force's FORGE program, showcasing its capability to process vast amounts of satellite data for missile warning and tracking [9]. 6. **Market Opportunity**: The combined capabilities of Firefly and SciTech position them to pursue the $175 billion Golden Dome program, which involves comprehensive missile defense solutions [9][10]. 7. **Future Vision**: The acquisition aims to transition data processing from ground-based to hybrid ground and on-orbit systems, improving service categories for both Earth and space missions [10][11]. 8. **Cultural Fit**: SciTech's workforce, primarily composed of PhDs and software developers, aligns well with Firefly's mission-focused and innovative culture [11][12]. 9. **Financial Details**: The acquisition is valued at approximately $855 million, consisting of $300 million in cash and $555 million in equity, with plans to close the deal by year-end [13]. 10. **Operational Structure Post-Acquisition**: SciTech will operate as a subsidiary under its current business model, led by CEO Jim Lisowski, reporting to Firefly's leadership [13][14]. Other Important Content - **Regulatory Approval**: The acquisition is subject to regulatory approvals and customary conditions [13]. - **Future Updates**: Firefly plans to provide further updates regarding the acquisition in its upcoming third-quarter financial results call [3].