AI capacity procurement

Qualcomm's press release called it a collaboration; its 8-K disclosed a warrant on 25,000,000 shares at $161.26 that vests as Amazon places binding purchase orders, up to $60 billion, through 2036. The silicon is already in production and AWS has announced no instance type, which makes contract language the only lever you hold this quarter.

Sixty-four B200s cost between $1.93M and $9.03M for a year depending only on how you buy them. But at the 5% GPU utilisation Cast AI measured across 23,000 production clusters, a committed $3.44/hr rate bills out at $68.80 per useful GPU-hour — and the break-even duty cycle is 48%.

Equinix Inference Exchange arrives Q1 2027 with 200+ open models, two tenancy modes and no disclosed price. Your token-API commitments already clear that date; your GPU and colo deals do not. Cap the term or attach a re-price trigger.

A Guardian investigation put a measured number on the gap between Microsoft's announced AI capacity and its installed accelerators. Azure's own documentation already says a PTU reservation guarantees you a price, not capacity — which is why a capacity clause has to name region, SKU, quantity, delivery date and remedy.

Mistral's EU endpoint reached GA at a 10% upcharge, but its own docs say Agents, Batch and the Files API don't run there — and the 99.9% SLA is still in public preview. Price a multi-year European Compute Unit commitment against what ships today.