Hyperscaler capex was linked to Hormuz through macro-overlay risk. Post 074 updates this: the 35B platform launched while Hormuz was possibly resolving, with no sign that the geopolitical signal changed the investment timeline. Hyperscaler capex is now structured around private power contracts, not public supply dependent on Gulf routes.
The signals around the crisis that started this story are shifting. A possible deal on the Strait of Hormuz has moved oil. But the AI buildout hasn't waited to see how it resolves. It has detached from the public systems that used to govern it and is assembling a power system of its own.
The AI power buildout has moved from forecast to order book. The richest companies in the world are prepared to spend almost without limit. They have discovered that money cannot manufacture time.
Hyperscaler capex was linked to Hormuz through macro-overlay risk. Post 074 updates this: the 35B platform launched while Hormuz was possibly resolving, with no sign that the geopolitical signal changed the investment timeline. Hyperscaler capex is now structured around private power contracts, not public supply dependent on Gulf routes.
The signals around the crisis that started this story are shifting. A possible deal on the Strait of Hormuz has moved oil. But the AI buildout hasn't waited to see how it resolves. It has detached from the public systems that used to govern it and is assembling a power system of its own.
The AI power buildout has moved from forecast to order book. The richest companies in the world are prepared to spend almost without limit. They have discovered that money cannot manufacture time.