The Artificial Intelligence/Real Infrastructure (AI/RI) revolution continues to unfold this week. Three transactions closed or advanced that, taken individually, each look like a normal infrastructure deal. DigitalBridge buys an energy manager. A Bitcoin-to-AI platform raises project debt. A chip company builds a big facility. The reason they matter together is what they reveal about where the AI buildout actually is in its development arc: past the announcement phase, into the execution phase, and increasingly sorted by who can actually deliver electrons on a construction schedule.
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