Lead story: From GPUs to Gigawatts
CoreWeave’s $9 billion all-stock acquisition of data center operator Core Scientific is yet another sign that access to electrons is as strategic as access to GPUs. The deal gives CoreWeave, a neo-cloud company focused on GPU infrastructure, control over 1.3 gigawatts of power – enough to run a million US homes, with room to add another gigawatt. That cushions it against energy price volatility and landlord fees.
The main hyperscalers like Amazon, Google and Microsoft, are on a parallel track. They’re hoarding physical capacity to protect against future supply constraints.
It’s a familiar pattern: railroads needed land, cloud computing needed fiber, and now AI infrastructure needs vast, stable power. In the exponential age where compute demand outpaces supply, owning tomorrow’s terawatts may matter more than having the smartest model. Bloomberg #Infrastructure
Key signals, quick scan
A 30-second scan of four secondary signals that hint at where the curve…