Power brokers

The world’s newest arms race isn’t about warheads or semiconductors, it’s about watts. As artificial intelligence (AI) explodes in capability and commercial value, the data centres powering it have become the key infrastructure of economic competition. These often dull-looking, windowless buildings hum with high-performance chips and are the digital economy’s most prized real estate. Their location is determined by myriad factors, including proximity to data activities, permitting and regulation. But the critical factor is the electricity they can access—how much, how clean and how constant.

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