Pretraining infrastructure underwriting
Own the cluster?
Price the uptime.
Turn fixed ownership, reserved capacity, and an on-demand parity point into exact utilization-sensitive economics.
Run a scenario to inspect exact outcomes.
Utilization earns the economics. Operations earn the utilization.
Owning is a fixed-cost bet that pretraining demand stays high enough to keep the cluster productive.
The source's 77% figure is parity with on-demand, not automatically with reserved capacity.
InfiniBand, scheduling, monitoring, staffing, and supply timing remain outside this simple model unless priced into owned TCO.