Capital & Compute

Compute infrastructure

Behind every model sits a physical stack measured in gigawatts, substations, GPUs and construction schedules, and a financial one measured in debt, leases and depreciation assumptions. Capacity announced today energizes years out, so the distance between what is promised and what is running is where the interesting numbers live.

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16 analyses
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The featured guide stays above; the stream below moves as new analysis is published.

What this topic covers

Data centers, training runs, GPU supply, cloud compute and the capital financing the AI buildout.

This topic collects 16 analyses, and they are written to be read together rather than one at a time: the featured guide sets out the shape of the problem, and the pieces below work through the individual numbers, tradeoffs and edge cases behind it. Every figure is attributed to a primary source at the point it is used and carries the date it was verified, because prices and benchmark results in this area go stale in weeks rather than years. Where a number is modeled rather than measured, the assumptions are stated so the arithmetic can be checked.

The topics on this site overlap by design. This one runs into Local AI & hardware and AI markets, and a question that starts in one usually ends in another: a pricing decision turns into a hardware decision, a benchmark result turns into a cost question. Follow the links inside the posts rather than treating these archives as separate shelves.

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