Dylan Patel

You guys were on pace to beat Amazon in 26 or 27.

But certainly by 28, you were going to beat them.

Since then, in let's call it the second half of last year, Microsoft did this big pause, right?

Where they let go of a bunch of leasing sites that they were going to take, which then Google, Meta, Amazon in some cases, Oracle took these sites.

We're sitting in one of the largest data centers in the world, so obviously it's not everything.

You guys are expanding like crazy.

But there are sites that you just stopped working on.

Why did you do this, right?

Another sort of question that comes around this whole fungibility topic is, okay, it's not where you want it, right?

You would rather have it in a good population center like Atlanta as we're here.

There's also the question of like, well, how much does that matter if as the horizon of AI tasks grows?

It's a great question.

You know, 30 seconds for a reasoning prompt or, you know, 30 minutes for a deep research or, you know, it's going to be hours for software agents at some point and days and so on and so forth.

The time to human interaction.

Why does it matter if it's... It's a great question.

You know, prior to the pause, you were, you know, versus, you know, what we had forecasted for you by 28, you're going to be like 12, 13 gigawatts.

And now we're at, you know, nine and a half or so.

Right.

But, you know, something that's even more relevant.

Right.