We're witnessing the third great scaling wave in AI, and it demands a fundamental rethinking of critical infrastructure. While the industry has been mesmerized by the race to build ever-larger frontier models, and businesses are making early efforts to identify killer apps and ROI, the real battleground for enterprise AI value creation has shifted to the edge. The evolution of AI scaling waves Why discuss these as scaling waves? Because waves are forces that build, crest, and transform the landscape — with the momentum, inevitability, and cascading effects that trigger the next wave. The three waves, which are unstoppable forces that are reshaping entire industries, include: First wave: Pre-training at massive scale Second wave: Post-training and fine-tuning Third wave: Multistep inference and reasoning Let me explain why these matter for every business leader who is making AI infrastructure decisions today.…