JPMorgan Just Ditched Cloud AI. The $117B Reason Why.
SambaNova's $1B Series F at $11B valuation, backed by JPMorgan Chase going on-prem, signals that 55% of AI compute spending has shifted to inference. The AI inference market hit $117.8B in 2026 and is growing at 13% CAGR. NVIDIA's GPU monopoly on inference is fragmenting as Cerebras IPOs at $56B, Qualcomm acquires Modular for $3.9B, and OpenAI builds custom ASICs. Enterprise vendor selection matrix and on-prem inference readiness assessment inside.
July 12, 2026