The Substation and the Zoning Board
The binding constraint in AI stopped being the model and became physical: a fab that can't keep up, a grid that has to find ten reactors' worth of power, and a neighbor who can file a lawsuit. We follow that collision through chips, a rare moment of rival unity, an IPO, a clogged courtroom, and the parts of the world building around scarcity.
TSMC's C.C. Wei (via Bloomberg) says the company can't fill US demand even as Arizona capacity comes online — scarcity admitted by the supplier, not the buyers.
France's €110B+ AI buildout (Sarah White, FT) amounts to ~10 gigawatts — an energy-policy…
The skinny
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