AI infrastructure covers the systems that make AI products possible: compute, data centres, cloud platforms, model tooling, retrieval, orchestration, observability, security and application infrastructure.

Meridian studies AI infrastructure as a connected public/private market. Public companies shape chips, cloud, networking and distribution. Private companies form around tooling, workflow, context, deployment and specialised infrastructure.

The market is capital intensive at the base and software-like near the application layer. That makes it important to separate scarcity, margin structure, platform dependency and workflow ownership rather than treating all AI infrastructure companies as one category.

Focus areas

Focus

Compute and accelerators

Focus

Data centres and power

Focus

Model deployment and inference

Focus

Retrieval and context systems

Focus

AI observability and evaluation

Market map

Compute

Compute

GPUs, accelerators, cloud capacity, networking and the physical constraints behind model training and inference.

Context

Context

Retrieval, permissions, data freshness and evidence packaging for production AI systems.

Control

Control

Evaluation, observability, routing, policy and cost management for model-dependent workflows.