Money spent on physical assets that will be used for years, such as data centres, servers and factories. It shows up in the cash flow statement rather than as a cost on day one.
资本开支
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| $51.4bn | AI's bill is now paid with borrowed money 资本开支 · 第 2 张术语卡 | Alphabet spent $51.4bn in a single quarter; Amazon $77.3bn. 资本开支不直接进当期费用，而是通过折旧逐年摊进利润表。所以它先影响现金流、后影响利润——两条线之间有时差，这个时差正是本期故事的核心。 |