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The AI race won't be won by software alone—it will be won by the countries that own the infrastructure. As governments invest billions into artificial intelligence, the focus is shifting from AI applications to the compute capacity that powers them. Data centres, GPUs, energy, and sovereign infrastructure are becoming...

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Chamath said $SPCX may be building “most important internet infrastructure project since the internet itself.” Thats why the IPO debate is so complicated since SpaceX may look expensive on traditional metrics but those numbers likely don't capture the full upside over the next decade. Starlink growth, Starship economics, satellite-to-mobile, government demand, orbital AI compute & convergence of space infrastructure with AI infrastructure are all bigger than what shows up in a clean multiple.

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Dan Ives on CNBC said the AI Revolution could drive nearly $4T of spending over the next 3-4 years and believes the industry is still only “15-20%” through the broader infrastructure buildout cycle. He also called quantum computing a “derivative play on AI” and highlighted quantum stocks $IBM, $IONQ, $QBTS, and $RGTI as part of the next layer of the AI ecosystem. More importantly, Dan Ives said this next phase increasingly expands beyond just $NVDA into hyperscalers, power infrastructure, datacenters, and eventually quantum itself as the AI arms race between the U.S. and China continues accelerating. He also reiterated that demand for AI infrastructure is still accelerating and does not yet include physical AI or China, reinforcing his bullish view across the broader ecosystem tied to compute, power, and infrastructure.

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PRESIDENT TRUMP: Data centers and AI are dramatically increasing the demand for electricity. It's only fair that the cost of building the new infrastructure required to meet this demand be borne by the corporations — not by American consumers. Under the Ratepayer Protection Pledge, America's largest tech companies have formally committed fund or build all energy infrastructure they are placing on the grid.

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