[dinfinity]

1. Microsoft is not a "dotcom startup". We live in a different, much more consolidated tech world of companies that either balloon to become behemoths or are bought by existing behemoths.

2. Power and data centers can be used for other things than AI.

3. They might turn out to be wrong and not need the deal/power. For companies sitting on a shitload of cash that would be an inconvenience whereas not investing and then later having to beg for electricity amounts to losing the race.