GEP：2025年为什么人工智能超大规模提供商需要重新编码他们的供应链策略报告（英文版）

The AI industry has spent the past few years engaged in a high-stakes infrastructure arms race — one defined by billion-dollar bets, rapid technological leaps, and an unrelenting demand for computational power. The companies that can build the fastest, most powerful AI systems have long believed they will emerge as the industry’s dominant players. And until recently, that belief seemed indisputable. Venture capital poured in. Tech giants doubled down. Governments got involved. The $50