Latency wise it seems okay for llm training to put them higher than Starlink to make them last longer and avoid decelerating because of the atmosphere. And for inference, well, if the infra can be amortized over decades than it might make the inference price cheap enough to endure additional latencies.
Concerning communication, SpaceX I think already has inter-starlinks laser comms, at least a prototype.
Similarly, making stuff have a great life expectancy is much more expensive than having it optimized for cost and operational requirements instead but stored somewhere you can replace individual components as and when they fail, and it's also much easier to maximise life expectancy somewhere bombarded by considerably less radiation.