Germany’s richest person has quietly transformed Lidl’s parent company into a sprawling business empire stretching from discount groceries to recycling, cloud computing and A.I.
As hyperscale data center investment reaches record levels, infrastructure investor Neel Khokhani argues that the industry's relentless pursuit of concentration is accumulating a form of risk that efficiency metrics were never designed to measure. Khokhani contends that the future of compute will be defined by what gets built closer to the ground.