[alanfranz]

What's the risk of NOT doing this?

That's the problem. That's the risk that few (if any) hyperscalers want to take.

[prash20026]

Apple might be a good counter example of what happens if you don't focus entirely on AI. Right now it seems to be doing ok.

[summerlight]

Apple can enjoy because it controls a significant fraction of consumer computing platform so they can simply collect tax from everyone else. This is not true for the rest of big tech. Only Google has Android but it cannot sit and enjoy because they still don't control hardware and AI is an existential problem for their search business.