Beale Infrastructure is a data centre developer, owned by Blue Owl. One of the companies Beale develops for is Amazon Web Services. One of Beale or Amazon thought it would be a good idea to build a water-sucking data centre in Tucson, Arizona — in a desert. Beale and Amazon have pulled every trick they […]
Kevin O’Leary is a TV star rich business guy. Not quite a billionaire. He calls himself “Mr. Wonderful.” Everyone loves TV star rich guys, right? O’Leary saw the AI bubble pumping up and he thought: I want in on that. O’Leary found a space in Utah and started buying up land and rights. And he […]
An asset bubble is an opportunity. By late 2024, financiers were already constructing collateralised GPU obligations, lending against video cards. CoreWeave borrows against its Nvidia GPUs — which have a useful life of maybe two years. CoreWeave then uses the loan to buy more Nvidia GPUs. This is fine. Investment banks have been hard at […]
In 2019, OpenAI got a billion-dollar investment from Microsoft. Back when a billion was a lot of money. Since then, OpenAI’s hosted its servers, rooms full of GPUs, with Microsoft on their Azure cloud. With a few exceptions. The OpenAI hosting deal has been one of the big numbers in Microsoft’s quarterly earnings to say […]
In May last year, the Trump administration announced it would fast-track nuclear power for AI! Vibe nuclear. Fermi America heard the call — and they dived right in to fill this much needed gap! Fermi was founded by former Texas governor Rick Perry, his son Griffin Perry, and Toby Neugebauer as CEO. Neugebauer has an […]
Maine has passed a state-wide ban on new data centres over 20 megawatts until November 2027. [Maine State Legislature, PDF; The Hill] There aren’t a lot of data centres in Maine — but developers really want them. The cities don’t, though. Local bans include a six-month ban in Bangor, which passed unanimously on Monday. The […]
OpenAI was going to build a Stargate data centre in Britain! But it’s pulling out of the project. [FT, archive] This exciting facility was announced in September last year. It would be built in an “AI growth zone” in northeastern England with local partner Nscale. Nscale are best known for the vaporware data centre outside […]
Data centres power New Zealand’s digital economy, enabling cloud, AI and critical services. With billions in investment ahead, collaboration and sustainable infrastructure are key to long-term growth.
The backbone of our digital economy
Every business-critical system – from banking platforms to supply chains, financial transactions to enterprise applications – relies on data centres. Data…
The UK announced its AI Opportunities Action Plan in January 2025. This would transform the UK into an AI country! Rocketing into the future! The plan was based on two reports in 2024 from the Tony Blair Institute, with lots of what looked like factual details about the UK industrial landscape — but which the […]
The AI companies insist: we barely use water, hardly a drop! But we won’t tell you how much water we use. And we’ll take you to court to stop you from finding out. Google wants to build a new data centre in Roanoke in Virginia. They did the deal in June 2025. How much water […]
Today, we’re going through a panel discussion from the Brookings Institution on Monday 2 March on why electricity prices are going up across the United States. Brookings talked to four regulators and experts. [YouTube] So what’s making power prices go up across the US? Here’s Joseph Bowring, who is the Independent Market Monitor for PJM […]
Blue Owl is a hedge fund. It’s been getting heavily into private credit — somewhere companies can borrow money when they don’t want to issue corporate bonds. Private credit does things banks aren’t allowed to do since the 2008 financial crisis — they don’t need the same reserves against risk that banks have to maintain. […]