> privatization

You think any of these clusters large enough to be interesting, aren't authorized under a contractual obligation to run any/all submitted state military/intelligence workloads alongside their commercial workloads? And perhaps even to prioritize those state-submitted workloads, when tagged with flash priority, to the point of evicting their own workloads?

(This is, after all, the main reason that the US "Framework for Artificial Intelligence Diffusion" was created: America believed China would steal time on any private Chinese GPU cluster for Chinese military/intelligence purposes. Why would they believe that? Probably because it's what the US thought any reasonable actor would do, because it's what they were doing.)

These clusters might make private profits for private shareholders... but so do defense subcontractors.