[Citi Report: AI Infrastructure and Scarce Inferencing Capabilities Have Become an Absolute Seller's Market] According to a report by Jinse Finance on May 25, Citi, in its latest research series *Inference Outlook*, used one term to precisely describe the current situation—'a vertical wall of demand.' This phrase, initially coined by OpenAI's Chief Financial Officer Sarah Friar, has now been validated by a series of hard data. The report revealed a set of figures: Anthropic is projected to reach $10.9 billion in revenue by Q2 2026 (a staggering 130% quarter-over-quarter increase), while OpenAI achieved $5.7 billion in revenue in just Q1 2026. However, the real market contention lies in this: the vertically exploding demand is colliding head-on with a slowly growing 'inclined' supply curve. Compute costs and inference costs are rising significantly, with leading companies like OpenAI beginning to secure customer compute power through long-term contracts spanning 1-3 years. Meanwhile, the shortage of top-tier talent is further exacerbating supply chain tensions. The report's core conclusion is crystal clear—AI infrastructure and scarce inferencing capabilities have become an absolute seller's market. Tech giants are extracting profits through aggressive pricing stratification, and the key question for the next phase of capital market valuation will be: who ultimately captures AI's 'productivity dividend'—traditional software providers, AI platforms, customers, or the workforce?