Permission Is the New Compute Bottleneck
FERC dockets, state tariffs, moratoriums and Texas’ audit show permission, not capital or chips, now sets the pace of the AI data center buildout.
AI Infrastructure & Sovereignty
Sovereign AI Infrastructure Just Found Its Debt Market
Global AI closed a $441 million debt facility for sovereign data centers. Mubadala is weighing up to $7 billion for a Japanese AI campus. Sovereign compute is being financed like infrastructure now.
Who Pays for the Grid? FERC Puts Large-Load Tariffs on a 60-Day Clock
FERC gave six regional grid operators 60 days to justify or reform large-load tariffs, reshaping who pays, who connects, and when.