Chamath Palihapitiya

I mean, if...

power generation were easier, there wouldn't need to be a limit on what the data centers could use.

They could just bring their own power.

So that is the obvious solution here.

And it's good to see Microsoft make this pledge and sort of formalize that.

I think all the other hyperscalers will do that.

Again, it was never part of their plan, I think, to draw on

the grid for their power needs.

They always, I think, understood that they'd have to stand up for their own power.

And the issue is just regulations getting in the way of that.

And just one final point on this is that there are a bunch of regulations by FERC, for example,

that interfere with the ability to do co-location.

Co-location is when you put a data center and the power generation next to each other, or you do them together.

And Chris Wright, the Secretary of Energy, has directed FERC to make a bunch of changes to make behind the meter and co-location easier so that these data centers can stand up to their own power.

And the only reason that hasn't happened is just because of the usual bureaucratic delays, but that is well on its way to happening.

Does that make sense?

The modern cooling systems, these data centers, the water recirculates and transports the heat out of the data center.

So it's not like the water is used up.

I guess there's a separate type of evaporative cooling that does use up some water, but modern data centers don't use that.

So the water issue is really a total hoax, and it's really kind of a sub-hoax of this larger affordability issue.