Over the past year, AI’s transformational shift has remained unstoppable: public and private markets have hit all-time highs despite geopolitical turbulence and macro uncertainty, Nvidia became the world’s first $5 trillion company, the “Super Six” added $4.9 trillion of market cap, and venture funding across the U.S., Europe and Israel increased 84% year-over-year to an expected $184 billion. While a large part of this funding has been fueled by U.S. model companies, we’re also seeing a leveling of the AI playing field at the application layer, with Europe and Israel’s AI talent pool continuing to shine. Powering this AI industrial revolution requires new infrastructure and the race for compute is now well underway.