The AI infrastructure market is entering its most revealing phase. Demand is real, but delivery is being separated from promotion at an accelerating pace. In the last 18 months, “AI data center” has become a label applied to everything from entitled land to partially designed shells—often with bold megawatt claims and thin execution behind them. That’s the backdrop for what Groq CEO Jonathan Ross has called “fake data centers”: projects that look investable in a deck, but c