Hyperscalers Drive Global AI Compute Infrastructure Dominance

The article argues that concerns about an 'AI bubble' centered on ChatGPT subscriptions miss the real driver: massive infrastructure bets. It says hyperscalers — Microsoft, Amazon, Google, Meta — and chip firms like Nvidia are investing hundreds of billions into data centers, GPUs, and power, backed by governments and geopolitical strategy. The implication: capital flows will persist until physics, geopolitics, or interest rates force a reset.