Infrastructure
7 articles covering this beat
War in Iran, the $119 Oil Spike, and What It Actually Means for AI Infrastructure
The US-Israeli strikes on Iran sent crude to $119. Prices retreated to $85. The conventional wisdom — that expensive oil threatens AI by raising electricity costs — is mostly wrong. Only 0.6% of US electricity comes from petroleum. The real threat is to new capacity: construction diesel, petroleum-derived materials, supply chain delays, and an $870 billion debt stack sensitive to every basis point of inflation-driven rate increases.
The $690 Billion AI Capex Sprint: Where the Hyperscaler Money Is Going
Amazon, Alphabet, Microsoft, Meta, and Oracle will collectively spend $660–690 billion on capital expenditure in 2026 — nearly doubling 2025 levels. We break down who is spending what, where it's going, and why the power grid has become the binding constraint.
The Liquid Cooling Inflection: Why Air Can't Cool a 1,200-Watt GPU
NVIDIA's Blackwell GPUs consume 1,000 watts each. Vera Rubin will hit 1,800 watts. A single NVL72 rack draws 120 kilowatts. Air cooling physically cannot remove that much heat from that small a space. The liquid cooling market is projected to grow from $6 billion to $16 billion by 2030, and a wave of billion-dollar acquisitions — Vertiv, Schneider Electric, Eaton, Daikin — is reshaping the supply chain.
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