What if I told you the most important company in AI right now isn't OpenAI or Anthropic? It's a company in the Nevada desert that a lot of people still haven't heard of. 

The company is Switch, the Las Vegas-based operator behind some major AI data center campuses. They provide the power, connectivity, and cooling behind all the large models. 

It's customers Dell and Nvidia, to name a few. So why does this actually matter? Everybody talks about AI. Nobody talks about where it runs. Every prompt, every image, every AI feature has to run on real hardware, in a real building, drawing on real power. 

That's Switch. In a gold rush, they're not planning for gold. They're selling the picks and shovels. Here's Switch's chief strategist, Jason Hoffman, on what they're really building.