Who Feeds the GPUs? Inside AI's Hidden $30B Layer | Renen Hallak, VAST Data

VAST Data, the $30B "operating system" layer feeding AI GPUs, sees demand accelerating faster than even it can forecast, while staying profitable amid an unprofitable AI infra buildout.

• Middle-layer moat: VAST sits in NVIDIA's software-infrastructure layer of the AI stack, valued at $30 billion, profitable, with zero active customer churn and customers doubling-tripling data volumes yearly.
• Demand shocks the builder: A neocloud customer revised its 3-year forecast from 500 petabytes to an extra 2 exabytes; Hallak says demand growth, not oversupply, is what "scares" him.

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