Massive capital inflows have turbo-charged AI development, but here's the bottleneck: computing power remains the elephant in the room—it's the dominant cost driver, and it moves in lockstep with revenue growth. The bigger the scaling ambitions, the harder the infrastructure squeeze. This cost-to-revenue coupling creates a structural constraint that no amount of hype can bypass. For anyone tracking how tech economics evolve, this tension between growth appetite and computational reality is worth watching.