Saturday, 18 July 2026 · TechnologyBillion-dollar poker over AI data centers: SpaceX, Meta and Anthropic, chip start-up Etched
The race for computing capacity for artificial intelligence is driving new multibillion-dollar deals: SpaceX is reportedly negotiating with the Pentagon over a data center, while Meta and Anthropic are in talks over a data center deal worth up to $10 billion. The chip start-up Etched is aiming for a valuation of $20 billion.
The Wall Street Journal reports that SpaceX and the Pentagon are negotiating over a data center, and that the AI chip start-up Etched is in talks over a $20 billion valuation. The FT reports that Meta and Anthropic are negotiating a data center deal of up to $10 billion, with Meta considering entering the cloud business and investing a total of $145 billion in infrastructure. The deals show how the appetite for computing power is tying up capital on an unprecedented scale and binding tech corporations, start-ups and the state more closely together, for instance through the talks between SpaceX and the Pentagon. At the same time, the information so far rests on reports by the WSJ and FT and is in part marked as exclusive and still unconfirmed. Whether the capital outlay turns into viable businesses or a bubble is forming remains open.
Wall Street Journal · Financial Times
Wednesday, 15 July 2026 · TechnologyData centers drive up electricity and water costs, from New York to Cape Town
Data centers drive up electricity and water costs, from New York to Cape Town
The AI-driven build-out of data centers is pushing up electricity and water costs worldwide. In the United States, consumers in 13 states are to pay billions extra, while Cape Town is approving two huge, water- and energy-hungry data centers.
That data centers strain infrastructure is the common denominator of the reports; the political interpretation diverges. The left-liberal New York Times calculates that a power auction by the grid operator PJM burdens consumers and businesses in 13 states with an additional 6.3 billion dollars, costs of the data-center hunger that are passed on to the public. The conservative Wall Street Journal turns the question of blame around and, in a commentary, lambasts New York's "self-sabotage," whose policies obstruct the construction of data centers. South Africa's Daily Maverick shows the global dimension: in Cape Town, two enormous, "water- and energy-hungry" data centers have cleared a first approval hurdle, accompanied by concerns about scarce resources. The worldwide rising resource consumption of AI infrastructure is a fact; what is contested is whether the answer must be stricter regulation and cost-sharing by the operators, or a removal of construction hurdles.
New York Times · Wall Street Journal · Daily Maverick
Forecast · Assessment
●Most likely60%
The build-out continues, rising energy and water costs increasingly become a political flashpoint and are partly passed on to consumers.
▲Worst case20%
Resource scarcity and cost explosions trigger local conflicts, moratoriums or supply shortfalls.
▼Best case20%
Efficiency gains, renewable energy and operator cost-sharing defuse the resource conflict.