And the scarcity only increases as the number of accelerators in a cluster increases. Good luck finding a cluster with 50k+ accelerators available without a lead time stretching into 2027. This is exactly how Meta can simultaneously remain compute constrained while selling access to compute, and it’s why Anthropic and Google are both paying such a high premium for access to xAI’s compute.
And the scarcity only increases as the number of accelerators in a cluster increases. Good luck finding a cluster with 50k+ accelerators available without a lead time stretching into 2027. This is exactly how Meta can simultaneously remain compute constrained while selling access to compute, and it’s why Anthropic and Google are both paying such a high premium for access to xAI’s compute.
Right, all those bilateral deals persist because there’s no market mechanism to adjudicate supply and demand.