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AI agents have learned how to work.
They just haven’t learned how to leave the office.
Right now, most of the inference demand driving the AI infrastructure boom is happening inside company walls. A bank runs agents on internal risk data. A logistics company uses agents to optimize its own supply chain. A retailer deploys agents to manage procurement inside systems it already controls.
That demand and spending are real. And the trade around chips, memory, networking, storage, and power is already playing out.
