Of course not, but unless they’re getting the sweet heart deal of a lifetime from Amazon of all places, it’s still a hogwash. We’re talking about enough capital to build their own fab and a dozen datacenters*. This deal isn’t going to be buying existing capacity because that’s already stretched, it will be paying for new buildouts.

Afterwards Amazon will be milking the machines these commitments buy for nearly a decade. That tradeoff makes sense at a small scale (even up to $X00 million or even billions), but at $Y0 or $Z00 billion?

Color me skeptical. There are plenty of other side benefits like upgrading to the newest GPUs every few years, but again we’re talking about paying for new buildouts with upfront commitments anyway.

* obviously the timelines, scientific risk, and opportunity cost make this completely infeasible but that’s the scale we’re talking about. It’s a major industrial project on the scale of the thirty year space shuttle program (~$200 billion).

You can get a significant AWS discount with an annual spend starting around $1M/year.