Meta's six-year deal with Google Cloud is indicative of where hyperscalers are headed.

Over the last few years, hyperscalers like Amazon , Microsoft , and Alphabet ( GOOGL 0.63% ) ( GOOG 0.56% ) have poured hundreds of billions of dollars into artificial intelligence (AI) infrastructure.

Much of this capital has been geared toward securing graphics processing units (GPUs) and designing custom silicon from Nvidia , Advanced Micro Devices , and Broadcom -- the backbones of the AI infrastructure revolution.

But why has big tech been so relentless in its pursuit of AI hardware? On the surface, the answer is simple: build sprawling data centers filled with clusters of high-performance chips to power AI workloads. Yet the deeper motivation is becoming clearer, and

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