Amazon, Microsoft, Alphabet and Meta plan to spend three quarters of a trillion dollars this year. The trade that wires the buildings takes five years to train.
"Budget versus delivery plan” is the distinction that stuck with me here. We tend to read a giant capex number as though the money itself guarantees the schedule. It doesn’t. The build still has to pass through a limited pool of electricians, transformers, switchgear, permits and utility work. At this scale, labor capacity becomes part of the technology roadmap whether a software company wants it to or not.
"Budget versus delivery plan” is the distinction that stuck with me here. We tend to read a giant capex number as though the money itself guarantees the schedule. It doesn’t. The build still has to pass through a limited pool of electricians, transformers, switchgear, permits and utility work. At this scale, labor capacity becomes part of the technology roadmap whether a software company wants it to or not.
Has anyone broken out the share of that 45-70% that is labor, as opposed to transformers and switchgear?