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Cake day: July 1st, 2023

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  • I’m starting to think that the trend started by Sarbanes-Oxley - making it relatively harder to launch an IPO - pushed way too much financing on to private capital, which is basically run by dudes with a very similar outlook. In public markets, you can bet against a company by short-selling, and make money. I believe a lot of the current crop of VC funded companies would have withered a long time ago if they’d been submitted to the scrutiny of public markets.










  • Heatmap: Amid Rising Local Pushback, U.S. Data Center Cancellations Surged in 2025

    regwalled, here are quotes

    President Trump has staked his administration’s success on America’s ongoing artificial intelligence boom. More than $500 billion may be spent this year to dot the landscape with new data centers, power plants, and other grid equipment needed to sustain the explosively growing sector, according to Goldman Sachs.

    There’s just one problem: Many Americans seem to be turning against the buildout. Across the country, scores of communities — including some of the same rural and exurban areas that have rebelled against new wind and solar farms — are blocking proposed data centers from getting built or banning them outright.

    At least 25 data center projects were canceled last year following local opposition in the United States, according to a review of press accounts, public records, and project announcements conducted by Heatmap Pro. Those canceled projects accounted for at least 4.7 gigawatts of electricity demand — a meaningful share of the overall data center capacity projected to come online in the coming years.

    Those cancellations reflect a sharp increase over recent years, when local backlash rarely played a role in project cancellations, according to Heatmap’s review.

    The surge reflects the public’s growing awareness — and increasing skepticism — of the large-scale fixed investment that must be kept up to power the AI economy. It also shows the challenge faced by utilities and grid planners as they try to forecast how the fast-growing sector will shape power demand.

    via WaPo, ole orange cankles is promising socialism:

    In a bid to tamp down growing unrest in communities over tech giants’ expansion of power-hungry data centers, President Donald Trump said his administration would push Silicon Valley companies to ensure their massive computer farms do not drive up people’s electricity bills, seizing on a promise Microsoft made public Tuesday to be a better neighbor.

    The Trump administration has gone all in on artificial intelligence, pushing aside concerns within the MAGA movement and seeking to sweep away regulations that it says hamper innovation. But neighbors of the vast warehouses of computer chips that form the technology’s backbone — many of them in areas otherwise supportive of the president — have grown increasingly concerned about how the facilities sap power from the grid, guzzle water to stay cool and secure tax breaks from local governments. And Trump now appears to be recalibrating his approach.