The accelerating data center buildout across the nation has understandably produced anxiety over rising utility costs. The noise it has created is also myopic. The United States and China are in a race for dominance of the next great historic economic age. Success is non-negotiable.

Tech sector capital spending has reached a zenith. Five of the world’s tech giants — Alphabet, Amazon, Meta, Microsoft, and Oracle — have raised a staggering $255.34 billion through equity and debt. Even more astounding is their projected trajectory. These five firms are on track to spend $750 billion on artificial intelligence data centers by the end of the year.