However, if you want to build a datacenter, you don't need to build it in downtown Manhattan. You can build it anywhere, and some places make it easy to build data centers.
By definition local restrictions apply locally. If you want more housing in Manhattan then Manhattan nimbyism really matters. But if you want to build a data center somewhere you have a lot of options. There's no nationwide vote on allowing datacenter construction.
https://ars.els-cdn.com/content/image/1-s2.0-S10406190250006...
https://www.bloomberg.com/graphics/2025-ai-data-centers-elec...
> Wholesale electricity costs as much as 267% more than it did five years ago in areas near data centers. That’s being passed on to customers.
Bloomberg also ran this article, by the same author, that says AI data centers are interfering with your applicances, which is also pure bullshit.
https://www.bloomberg.com/graphics/2024-ai-power-home-applia...
I hear this a lot, but the most comprehensive study I've seen found the opposite -- that retail electricity prices tend to decrease as load (from datacenters and other consumers) increases [1].
The places where electricity prices have increased the most since 2019 (California, Hawaii, and the Northeast) are not places where they're building a lot of new datacenters.
[1] https://www.sciencedirect.com/science/article/pii/S104061902...
As an aside, basically all hedge funds in America park their funds in the Cayman Islands. Nobody is going to bail out the Cayman Islands (other than hedge funds). So I would hope that if a series of large hedge funds fail, holding myriad funds of high net worth individuals, they just fail
Like, here's the purely greed-driven capitalist argument: "Why are you throwing my investment away on a specious gamble that we can 100x America's datacenter buildout with a capex spend that would dwarf the actual government?"