Neutral data centers and undersea cables have become key geopolitical targets for digital sovereignty. At the same time, inference AI is shifting traffic to the edge, where latency and proximity define the business. In this new landscape, Internet exchange points are no longer invisible infrastructure but have become strategic assets: whoever designs neutrality from the outset controls the options. A must-read for operators, investors, and regulators on why capacity is losing value and why a “neutral by design” approach is gaining value.