but its difficult to use more electricity directly to get more utility. There are some rare ways - things like PtX systems - but even those are linear at best. AI is concentrating power in the sense that nobody wants to use the twentieth smartest AI - so if you can use the most compute, you get an outsized share of the rewards (in terms of paying customers) - over and above your share of the compute. There are other business sectors where similar dynamics exist - where the biggest capital tends to win - a sort of natural monopoly type situation, its nothing about hyperscaling or whatever.