TCO · Total Cost of Ownership
The full lifetime cost of capacity, including capex amortization, power, cooling, staff and maintenance.
The all-in cost of running infrastructure over its life, not just the purchase price.
Also written as: Total Cost of Ownership
Current numbers
~$38B / ~$8.5B/yr1 GW AI data center: ~$38B up-front capex (servers ~$21.2/W incl. GPUs · facility ~$11.4/W · network ~$4.9/W, Epoch May-2026) and ~$8.5B/yr all-in TCO