@gerrymcgovern I'm quite surprised that swamp coolers are cheaper to operate than the more typical closed-loop cryo units. Without real numbers I have to assume it has to do with lack of externality cost, or some other strange economics. I know rejecting heat out of an exchanger in arid environments is less efficient than normal, but it's not that much...
MTW/HTW systems also get a little bit of advantage, because they're able to reject to ambient without quite as much effort.
All my experiences with closed-loop DC cooling systems, as my local area is not reliably dry enough to use a swamp cooler, therefore I can't really speak intelligently about systems that evaporate to the atmosphere.
My gut says that the cost of water should increase in these areas, eventually to a point where it's just too expensive to use lossy systems.
@laikulo @gerrymcgovern
That is what is missing from Gerry's post. Evidence that all ChatGPT servers are in DC's that use evaporative cooling. The servers used are all over the world, so "it depends" is going to be the most accurate answer.