> I am also deeply concerned about the “speculative” data center market. The “build it and they will come”strategy is a trap. If you are a hyperscaler, you will own your own data centers.
Is this actually true? I thought that hyperscalers keep datacenters at arm's length, using subsidiaries and outsourcing a lot of things.
Hyperscalers use various subsidiaries and shell companies to dodge taxes and keep the debt off their balance sheets so they can keep their AAA ratings, but ultimately the resulting datacenters are still entirely owned and operated in-house. Hyperscales do not and will not use any of these “DC as a service” startups, meaning those startups have to find customers elsewhere; the big question mark is whether enough of those customers exist.
Is this actually true? I thought that hyperscalers keep datacenters at arm's length, using subsidiaries and outsourcing a lot of things.