7/15/26: NY Ban On Data Centers, Scahill Vs Ro On Oct 7, Michigan Elections
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What is the main topic discussed in this episode?
This is an iHeart podcast, guaranteed human. Hey guys, Sagar and Crystal here.
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New York Governor Kathy Hochul announced New York will become the first state to impose a data center moratorium.
Why is New York imposing the nation's first hyperscale data center moratorium?
Yesterday, let's take a listen here to Governor Hochul's press conference.
These hyperscale AI data centers consume enormous amounts of power. truly threatening to outpace our grid's capacity, and they drive up costs for local ratepayers. And I refuse to let those costs be passed on to New Yorkers, who already pay too much for their utility bills. These data centers require millions of gallons of water, straining the local supplies. And when powered by fossil fuels, they drive up our carbon footprint. They occupy massive amounts of land, potentially displacing agricultural space and open spaces. The bottom line is progress shouldn't arrive with a higher utility bill, deleted water supply, or noise pollution. So we have no choice but to address these challenges created by these massive facilities.
That is why today I'll be signing the nation's first ever statewide moratorium on hyperscale data centers.
There you have it. The political sprint to out anti-data center other politicians is afoot. I think that's fairly obvious. But Kathy Hochul obviously is a Democrat. Now let's look at John Fetterman, Democratic senator from California. neighboring Pennsylvania, who responded to a headline about Hochul's decision with, China wins, taking the Silicon Valley talking point just at face value. Not entirely surprising from Fetterman, of course, but why is this happening? Obviously, here on the show, we've been covering the data center politics and substance for a while, but I wanna now put up this other headline. This is the next element. A majority of Americans now support seizing wealth from the AI industry.
So polling, this is a 1700 adult poll, 69% of US employees support forcing AI companies to transfer 50% of their stock into a public wealth fund. That is the Bernie Sanders idea. This was a poll done by Verisight, a national poll done by Verisight. So obviously the politics of this are pretty clear. I don't know if John Fetterman cares too much, right, about what the people of Pennsylvania think on the data center moratorium question. But Kathy Hochul, who, to be honest, I'm not fully sure what her ideological commitment actually is on this, but she's very clearly reading the signs from the public at this point.
We talked a couple of weeks ago about that really fascinating rant that Alex Karp, the Palantir CEO, had had on CNBC where tucked into the middle of it, he said, what you guys don't understand by hyping up the potential of AI to have this revolutionary disruptive capacity and to basically eliminate labor, which is effectively the goal of this industry, What you guys are doing is you are creating in the public the appetite to rewrite the entire social contract. And what he said in particular is that you're going to give us a wealth tax. You're going to get a slant on The Washington Post had an article yesterday, which is owned by a billionaire, kind of warning that. uh, the, the quote unquote, the left, you know, sees an opportunity to push forward with a, with a wealth tax.
And that is, he, he is, they are correct. And Alex Karp is correct. It's not just a wealth tax to your point. It's this, it's this Sanders idea, which to me is a little bit half-baked. I, I'm all for it.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–0:46
2
Why is New York imposing the nation's first hyperscale data center moratorium?
0:46–4:48
3
How are data centers impacting New York's power grid, water supply, and utility bills?
4:48–13:02
4
What is the public appetite for an AI-focused sovereign wealth fund or wealth seizure?
13:02–27:56
5
How do hosts debate the political risks and benefits of a sovereign wealth fund for AI companies?
27:56–56:13
Speakers
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