The speaker argues that data-center and AI regulation, consumer and political opposition, safety-related model withholding by AI labs, and rising interest rates reduce projected data-center construction.

“There's regulations against data centers,”

“regulations,”

“you know, consumers getting mad,”

“politicians getting mad,”

“regulations against AI.”

“The AI labs not releasing their latest models because of safety reasons.”

“All of these things and interest rates going up are an influence on all of these things. So all of these things bend the curve from what does capitalism want in terms of just pure simple economics to what is the complex system that we have want and bends it lower and lower and lower to where not as many gigawatts as should be built will be built.”