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Warren Buffett, who stepped down as Berkshire Hathaway's chairman last week, built his fortune avoiding flashy AI stocks in favor of utilities and industrial firms. Two of those older deals — the 2000 purchase of MidAmerican Energy and the 2016 acquisition of Precision Castparts — are now benefiting from AI's surging demand for electricity and turbines, according to analysts cited by CNN.
Nvidia-backed space data center startup Starcloud says it will include Bitcoin mining ASICs on its Starcloud-2 satellite, set to launch later this year, according to CEO Philip Johnston. The company was originally founded to move AI data centers into orbit, leveraging constant solar power and space-based cooling, but is now adding crypto mining as a secondary use of that energy.
A review of recent AI industry announcements about hacking incidents, mathematical breakthroughs, and self-improving systems finds that expert scrutiny often reveals a much less dramatic reality than initial company statements suggested. The pattern shows companies generating significant press attention through bold claims, which later prove overstated once independent analysis occurs. Separately, 22 nations have called for a new global body to set AI safety standards, though the US and China are notably absent from this declaration.
Timnit Gebru argues that AI companies use terms like 'superintelligence' and 'rogue models' to shift blame from corporate decisions onto their products, framing them as autonomous agents. She contends this rhetoric distracts from real harms, including data center pollution, plagiarism, and unauthorized data use for training.
Nvidia-backed startup Starcloud says it will fly dedicated Bitcoin mining hardware on its second satellite, Starcloud-2, targeting an early 2027 launch. CEO Philip Johnston argues that ASIC chips are far cheaper per kilowatt than GPUs, and that abundant orbital solar power could make space mining economically appealing, following the company's earlier Starcloud-1 test that put an Nvidia H100 GPU into orbit.
Data Center Watch, a research initiative from 10a Labs, reports that 45 large-scale data center projects worth $68 billion were blocked or delayed in the second quarter due to community pushback. The group tracked 843 opposition groups across 49 states, with only Hawaii lacking any organized resistance, and noted 30 state legislatures have introduced or passed measures on data center siting, power and water use.
Anthropic and OpenAI are pursuing agreements for existing, smaller data center facilities with roughly 20-30 MW of capacity in the UK, Nordic countries and the US, according to a CNBC report citing sources familiar with the talks. This comes even as both companies have already committed tens of billions of dollars toward massive gigawatt-scale AI infrastructure projects, including Anthropic's $45 billion Nscale deal and OpenAI's expanding Stargate commitments.
Texas Gov. Greg Abbott directed the Texas Commission on Environmental Quality to stop issuing data center-related permits until ERCOT finishes auditing the state's grid connection waitlist. This broadens an August moratorium that had already paused new grid approvals for data centers, extending the freeze into environmental sign-offs needed for construction.
The European Commission has proposed requiring data centers with over 500 kW capacity to disclose their energy and water usage through a standardized rating system, similar to appliance energy labels. The rules would not cap power or water consumption but would require operators to report water use relative to local water stress and disclose whether they recycle waste heat back into local energy systems.
Amazon has launched a Colorado River Basin Collaborative, committing $20 million of its own money and aiming to raise $100 million total over two years for conservation projects along the drought-stricken river, which supplies water to 40 million people across seven US states and parts of Mexico. Part of the funding includes $2.2 million for leak detection in Orange County, California, projected to save 189 million gallons annually.
California Governor Gavin Newsom signed a package of seven bills that shield residential utility customers from bearing the costs of AI data center growth. The laws create a new rate category for data centers through the state's Public Utilities Commission, mandate disclosure of water and energy use to local governments, and require efficiency benchmarks before facilities can get streamlined approval.
President Trump said he will soon name an AI tsar and establish an 'AI Force,' framing artificial intelligence as a transformative economic force that could account for up to a quarter of US GDP. He dismissed growing warnings from industry figures about losing control over the technology, along with backlash over data centers, calling them politically motivated 'hoaxes' rather than legitimate concerns requiring regulation.