Data centers in space make no sense to me

At present (or near-future) levels of technology, as far as I can tell this idea makes no sense. I will talk about physics reasons here, though there are also pragmatic economic reasons why this seems crazy. I've written before that I think some of the AI/data center evangelists are falling victim to magical thinking, because they come from the software world and don't in their heart of hearts appreciate that there are actual hardware constraints on things like chip manufacturing and energy...