The private sector’s share of global AI computing capacity has grown from 40% in 2019 to 80% in 2025. Though many leading early supercomputers such as Summit were run by government and academic labs, the total installed computing power of public-sector supercomputers has only increased at 1.8x per year, rapidly outpaced by private-sector supercomputers, whose total computing power has grown at 2.7x per year. The rising economic importance of AI has spurred the private sector to build more a...