Hyperscaler
A giant cloud and platform operator (AWS, Microsoft, Google, Meta) building data centers at global scale.
Current numbers
6.14 / 10.53 / 20.91%ClusterMAX April 2026 large-pretraining scenario: gold / hyperscaler / silver goodput expense
40–85% belowneocloud GPU rental vs hyperscaler pricing (8-GPU node ~$34/hr neocloud vs ~$98/hr hyperscaler)
~$2.9T / ~$1.5Tdata-center build 2025-2028 and the financing gap beyond hyperscaler cash flow