Total Cost of Ownership · TCO
The all-in cost of running infrastructure over its life, not just the purchase price.
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
2–3 vs 5–6 yrGPU economic vs book life — CONTESTED; ~70% swing in 1 GW annual TCO from this one assumption
~15–30%AMD price discount vs comparable NVIDIA SXM; inference effective-TCO gap → ~0/favorable