Google and Meta have successively announced (rumored) plans for additional financing, reflecting the Nash equilibrium 'winner takes all' mindset of hyperscalers. The giants are showing us through their actions that, in the context of AGI compute sovereignty competition, this is a life-and-death game. This Squid Game is far from limited to big tech—the competition will keep spreading, and industries, one after another, will be drawn in, whether voluntarily or not.