At Data Center Frontier, we rely on industry leaders not only to help us understand the most urgent challenges reshaping digital infrastructure, but also to illuminate the broader technological, operational, and market forces driving the industry’s evolution. And in the Second Quarter of 2026, those challenges increasingly revolve around a fundamental shift in emphasis: the industry is moving beyond discussing AI infrastructure in theory and into the far more demanding work of deploying, operating, and scaling it in production. The era when hyperscale announcements and GPU roadmaps dominated the conversation is giving way to one defined by execution; where power availability, thermal management, construction schedules, supply chains, and operational discipline determine whether ambitious plans become functioning AI factories. That transition is exposing new realities. Rack densities continue to climb, liquid cooling is becoming mainstream, electrical architectures are evolving, and project timelines are compressing even as capital commitments reach unprecedented levels. Success increasingly depends not on optimizing individual systems in isolation but on orchestrating tightly integrated environments where compute, power, cooling, networking, and facility operations function as a unified whole. At the same time, moving from pilot deployments to industrial-scale AI infrastructure introduces an entirely different class of challenges around reliability, maintainability, commissioning, and repeatable execution. For our Q2 Executive Roundtable, we brought together senior leaders whose expertise spans AI infrastructure design, mission-critical deployment, advanced thermal management, and engineering innovation to examine where the industry stands today, and what it will take to bridge the gap between AI ambition and AI deployment at scale. Drawing on perspectives from hyperscale execution, liquid cooling, and next-generation power and facility engineering, their insights explore the practical realities of building the AI factory at industrial scale.