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# Hyperscaler AI-Capex Quarterly Trend
Scrutica

# Economics

[Corrected May 19, 2026→](/corrections#editorial-fac-epoch-gc-stargate-uae-phase-1-total_gpu_count "This page has had one or more public corrections. Click to see the full record.")Stale120d· oldest price row

What compute costs — to rent, to build, to train on — and where the capital is going. Cloud pricing is the spine: the Cost Index normalizes rate cards to a single $/petaFLOP-day denominator; Training Cost estimates what a frontier run costs on that price layer; Hyperscaler Capex tracks the quarterly spend behind the facilities. Every number carries the date it was verified and the source it traces to — a stale price is worth less than an honest one.