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AI factories are a new class of infrastructure built to manufacture intelligence that’s always on and in real time. In the industrial age, power plants converted energy into electricity. In the AI age, AI factories convert energy into tokens — the unit of production for reasoning models, agents and intelligent systems.
Their economics are defined by what they produce: tokens per second, tokens per watt, cost per token, utilization and uptime. In this model, performance per watt translates directly into revenue. Cost per token impacts the economics of every AI factory.
AI is no longer simply software. It’s essential infrastructure.
AI factories turn massive-scale infrastructure into continuous intelligence production.
