Surprised I'm not seeing this story in the major financial media. Gartner is an esteemed research house. Found it in The Register. Title: "The AI math isn't mathing as infrastructure spending forecast to outstrip expected revenue" Subtitle: "Analyst predicts 80% of neoclouds will disappear as standalone businesses by 2030" "Gartner estimates AI datacenter operators would need to generate a total of $8.5 trillion in revenue to cover capital spending and financing costs while achieving that return." "Unfortunately, it forecasts that the total enterprise and consumer AI revenue that can be attributed to AI datacenters during this period will add up to no more than $3.6 trillion." "The result will be a shake-out of the companies providing AI infrastructure services, and Gartner believes that neocloud operators – "GPU-as-a-service" providers specializing in AI compute – will be the hardest hit. It forecasts that 80 percent of them won't survive as independent companies beyond 2030."