The AI Boom Enters Its Infrastructure Era

After years dominated by breakthroughs in large language models, the artificial intelligence industry is pivoting toward the unglamorous but decisive challenge of infrastructure.

Demand for specialized chips has outstripped supply, while the energy footprint of training and running frontier models has become a central concern for governments and utilities alike.

Companies that control compute, power contracts, and efficient hardware may hold more leverage in the coming decade than those building the models themselves.