Tomasz Tunguz · 3 November 2026 · Industry Analysis

The Financial Engineering Essential for AI in 2027

Tomasz Tunguz, MD @ Theory

GPU costs for AI have doubled in six months, forcing frontier labs to pursue "financial engineering"—locking enterprise customers into multi-year committed contracts at fixed rates to match the duration of their underlying compute leases and preserve unit economics.

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Topics: AI Infrastructure · AI (Horizontal)

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