Trillions of dollars are chasing artificial intelligence (AI) compute, and the bottleneck is no longer just chips. It is power, permits and the patience of the people who live next door.
Across the United States, residents are protesting new data centers, permits are stalling, and utilities are struggling to keep up. That friction is redrawing the map. Google parent Alphabet (NASDAQ: GOOGL) has reportedly committed roughly $13 billion over two years to AI data center buildouts in Finland and Norway, and other operators are heading north, too.