Andrew Feldman

And so the limiting constraint is power.

And so the limiting constraint is power.

We're trying to find this huge amount of power for open AI.

We're trying to find this huge amount of power for open AI.

It'll be delivered over several years.

It'll be delivered over several years.

And you're responsible for the power as well, or is that like a joint effort?

And you're responsible for the power as well, or is that like a joint effort?

So it's a cloud deal.

So it's a cloud deal.

Oh, so they're utilizing your cloud, so you've got to do all this work.

Oh, so they're utilizing your cloud, so you've got to do all this work.

We are building the cloud infrastructure for it.

We are building the cloud infrastructure for it.

So the cheapest power in the world is hydro, without question.

So the cheapest power in the world is hydro, without question.

After that is natural gas.

After that is natural gas.

And so where places have natural gas, you have an abundance of relatively low cost power.

And so where places have natural gas, you have an abundance of relatively low cost power.