AI Infrastructure Power Plays

Analyze the strategic logic behind companies and countries investing enormous sums in AI infrastructure. Explain how access to computing power, advanced chips, and data-center capacity can become a source of advantage, and compare the tradeoffs between building in-house versus leasing capacity from partners. Include: 1) why compute is becoming a bottleneck, 2) how long-term supply agreements change bargaining power, 3) risks of overbuilding during hype cycles, and 4) what this suggests about who is likely to control the AI value chain over time.