The data center roll-out is weird, and far beyond anything that can be justified rationally. But this administration is aggressively pro-grift and anti-reality, so I would suspect that's as likely to be about some kind of corruption/grift/Ponzi as about real capability.

I try to distinguish between the actual tech, which spans light and dark, and the financial and economic engineering around it, which is definitely a darker shade of black.

Even describing the tech as light and dark seems a stretch, it exists solely due to the wholesale theft of virtually all copyrighted works in existence. Where would Ai be if they had to aquire every scrap of training data legally and with the informed consent (not legalese buried in esoteric terms of service documents) of everyone who created it?