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Data-centre demand doubles to ~945 TWh by 2030. The universal owner sits on every side of it.
In this episode
- The binding constraint on AI is electricity, and the universal owner is on every side of it.
- Allocators are repricing the AI trade from chips to power.
- The grid, not the chip, is the scarce asset.
- Sovereign and pension capital is already building the supply side.
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Produced and edited by the UAO editorial desk. Not investment advice.