The Watchlist — Who's Next in AI Infrastructure

Challenger silicon

Shipping or credible alternatives to the incumbent GPUs — each betting on a different corner of the workload.

CW Cerebras WSE-3Wafer-scale compute with tokens-per-second records — and an IPO on file. الشحن شريحة GL Groq LPUDeterministic inference at famous speed; Saudi-scale deployment deals. الشحن شريحة ES Etched SohuThe all-in transformer ASIC — if it ships, the specialization era begins. قيد التطوير شريحة DM d-Matrix CorsairIn-memory compute aimed at cheap interactive serving. في طور الانطلاق شريحة FR FuriosaAI RNGD150 W LLM inference; turned down Meta to stay independent. في طور الانطلاق شريحة RR Rebellions REBELKorea's merged champion, fabbed by Samsung. قيد التطوير شريحة TB Tenstorrent BlackholeJim Keller's open RISC-V stack, sold and licensed. الشحن شريحة QC Qualcomm Cloud AI / AI200Mobile-silicon economics re-entering the rack in 2026. مُعلَن عنه شريحة

The next platform generation

Already announced, already contracted — the hardware the 2026–27 buildout will install.

NR NVIDIA RubinHBM4, the Vera CPU, NVL144 racks — the incumbent's next lap. في طور الانطلاق شريحة NR NVIDIA Rubin CPXA cheaper GDDR7 chip just for long-context prefill — inference splits in two. مُعلَن عنه شريحة AI AMD Instinct MI400 / MI450432 GB of HBM4 and the OpenAI 6 GW deal riding on it. في طور الانطلاق شريحة AT AWS Trainium33 nm and a claimed 4x — the custom-silicon bet compounds. مُعلَن عنه شريحة GT Google TPU v7 (Ironwood)9,216-chip pods for the inference age, with Anthropic as anchor. في طور الانطلاق شريحة

New fabrics, memory and light

The interconnect and memory transitions that decide whether open ecosystems can match proprietary racks.

UA UALinkThe open answer to NVLink — 1,024 accelerators per pod, everyone-but-NVIDIA. التكنولوجيا UE Ultra EthernetEthernet rebuilt for AI; spec 1.0 shipped, silicon arriving. التكنولوجيا CP Co-Packaged OpticsLight moves onto the switch package; ~3x interconnect efficiency. التكنولوجيا LI LightmatterPhotonic interposers — light inside the package itself. شركة CA Celestial AIOptical links to disaggregated memory — an exit from the HBM wall. شركة HB HBM42,048-bit interfaces and foundry logic dies; memory and logic start merging. التكنولوجيا CX CXLPooled memory over PCIe wiring — slow burn, big if it lands. التكنولوجيا

New power

The generation wave AI money is financing — targets, not certainties, and labeled as such.

SM Small Modular Reactors (SMRs)Factory-built reactors sized for campuses; every date is a target. التكنولوجيا OK OkloFast reactors with a 12 GW Switch framework and a build-own-operate model. شركة XE X-energyAmazon-backed pebble-bed reactors targeting ~2030. شركة KH Kairos Hermes / Google FleetGoogle's 500 MW fleet order — first Gen IV construction permits in the US. Under construction (demo) مشروع طاقة TN TerraPower Natrium (Kemmerer)The furthest-along advanced reactor build in America. قيد الإنشاء مشروع طاقة FC Fuel CellsBloom-style bridge power while the grid queue clears. التكنولوجيا HC Homer City Energy Campus4.5 GW of gas-for-AI on a demolished coal site — the biggest such plan. مُعلَن عنه مشروع طاقة

Beyond the transformer

Architecture bets that would redraw the hardware map if they win.

SS State-Space Models (Mamba)Linear-time sequence models — production hybrids already ship. مفهوم WM World ModelsLearning reality's dynamics, not just text — DeepMind, NVIDIA and World Labs all in. مفهوم M( Marble (World Labs)Fei-Fei Li's spatial-intelligence bet, now a product. الحالي نموذج ذكاء اصطناعي G3 Genie 3Playable generated worlds — training grounds for agents and robots. الحالي نموذج ذكاء اصطناعي TT Test-time Compute & ReasoningThe scaling axis that already rewrote inference demand once. مفهوم

قاعدة داخلية: كل تاريخ في السجلات المرتبطة هو الموعد المُعلَن من قِبل الجهة الصانعة، ومُصنَّف على هذا الأساس. تتتبع هذه الصفحة التصريحات — ولا تُزكّيها، وليست في أي حال توصية استثمارية.

قائمة المراقبة

Challenger silicon

The next platform generation

New fabrics, memory and light

New power

Beyond the transformer