> It's probably going to be a terrible earnings call in terms of capital expenditure, cash flow and new borrowing.

Now you know why they released it just before the earnings call.... :-D

At this point, talking about more AI is probably more negative sentiment in the market instead of positive. GOOG was already down and got slapped even more post earnings numbers.

That was spot on.

Behind the scenes probably went something like this:

CEO: We are gonna miss our earnings by a lot. What’s the best internal model we got?

Tired AI Engineer: Doesn’t have a name but here it is.

CEO: Is it frontier on AA at least?

Tired AI Engineer: No?

CEO: Fucking hell. Tell AA guys I’ll pay them 10 mill if they change the methodology to show our unreleased model as frontier.

Legal Team: On it.

good call .. turns out except on the "capex" maybe, which was actually lower than expected ( though this makes the neg. FCF of 9 Bio$ even look less good!)

lol confirmed