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US (enterprise/kubarnetes) datacenters also average 5% gpu and 8% cpu utilization. Much of datacenter buildout is for “reserving” capacity, even if existing infrastructure could accomodate "spot rental"or “serverless” (let google/aws cram your work request into the machine of their choice) to get 6x+ more “tokens”.
Here in malaysia there are a lot of projects that havent yet been started. My customers are involved to the scale of largest project in company history. After an exhilirating boom, now its just meh. Apparently the hyperscales are having trouble finding tenants beyond the big tech.