There’s a whole layer of companies providing these data centers. CoreWeave is one example, and there are many others. SpaceX is in this business in their gross

There’s a whole layer of companies providing these data centers. CoreWeave is one example, and there are many others. SpaceX is in this business in their gross Memphis facility. The big providers lease capacity in addition to their own capital investments. It helps them hedge risk. When the merry go round stops on AI, these will all go bankrupt, and H100s will be like a circa 2001 Aeron chair.