Chamath Palihapitiya
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I think this is really smart.
I think that what the president's doing and what Sachs is doing is really smart.
I think that what the president's doing and what Sachs is doing is really smart.
The thing to keep in mind is that
The thing to keep in mind is that
there's still a risk that prices go up and it has nothing to do with these data centers.
there's still a risk that prices go up and it has nothing to do with these data centers.
And it has everything to do with the business model of being a utility.
And it has everything to do with the business model of being a utility.
Because what happens is in order to get a license, a monopoly license in an area to provide energy, to generate energy for a community, the exchange works in the following way.
Because what happens is in order to get a license, a monopoly license in an area to provide energy, to generate energy for a community, the exchange works in the following way.
You go and you present a CapEx plan to the Public Utilities Commission.
You go and you present a CapEx plan to the Public Utilities Commission.
That's effectively your budget that says, here are the lines I'm going to upgrade, here are the generators I'm going to upgrade.
That's effectively your budget that says, here are the lines I'm going to upgrade, here are the generators I'm going to upgrade.
Independent of data centers, the reality is the draw, the electricity consumption of individual Americans is going up because we have more devices, we have cars, we have all of these other things.
Independent of data centers, the reality is the draw, the electricity consumption of individual Americans is going up because we have more devices, we have cars, we have all of these other things.
So what we also have to do is we have to look at how utilities' business model actually incentivizes them to increase prices by
So what we also have to do is we have to look at how utilities' business model actually incentivizes them to increase prices by
making all kinds of investments.