@lugaricano argues: If AI raises global interest rates by boosting productivity, but Europe fails to adopt AI, Europe imports higher r without higher g -- a path to fiscal crisis.

Meta is building dozens of massive tents at campuses across the US, sticking billions of dollars of chips inside, and powering them with off-grid turbines. The AI race has officially entered its Mad Max phase. Over the last month, I reviewed hundreds of documents and satellite images for Cleanview's latest report on behind-the-meter data centers. Meta's data center strategy, which is very visible from space, was one of the weirder approaches I came across. Mark Zuckerberg recently ditched the data center designs that Meta had perfected over the last decade and told his team to stick tens of thousands of chips in tents outside their data center in New Albany, Ohio. Each of these chips costs about $60,000. Zuckerberg plans to stick billions of dollars worth of them in the tents. The strategy has helped cut the time to build compute in half. The first five buildings at Meta’s New Albany, Ohio data center took between two and three years to build. Meta started building five ~125,000 square foot tents between April and June of 2026, according to city permits. Satellite images show the structures have all been built. To power those "rapid deployment structures", as they are officially named, Meta signed a 10-year deal with Williams to build a pair of 200 MW off-grid power plants. Those power plants began construction about a year ago and are nearly complete. Meta is using the same strategy to build a data center in Tennessee, bringing the total count of tent data centers to three. Strategies like this are part of the reason behind-the-meter data center capacity is growing so quickly. In Cleanview's report, I found that there's currently about 2 GW of BTM capacity online today. By the end of the year, it will likely be 3 GW—equivalent to three nuclear power plants. By the end of 2027, it could be as high as 13 GW—more than the power demand of NYC. I've been talking to a lot of reporters about this research. When I told one reporter about these tents and other companies powering their data centers with jet engines, he said, "It's like a scene out of the movie Mad Max."

We are announcing today the establishment of a Greater Cambridge Development Corporation.   Working closely with local partners and communities, this Labour government will deliver high-quality, sustainable and nationally significant growth in Cambridge and its surrounding areas.

🚨 We are hiring! 🚨 Could you be our next head of operations? 👀 We are looking for an exceptionally high-agency, adaptable and organised individual, who is excited about our mission to create UK growth & progress, to run operations for our growing team. Full time, £70-90k, London. Full details & how to apply here: britishprogress.org/opportun…

New AGF blog: Tokyo is the world's most affordable megacity--and they're still permitting homes at many times the pace of NYC, London, Paris Yet land prices are still very high! A 1-acre suburban home in Chiyoda would cost over $100M before you nail the first board Tokyo shows structures can be affordable if you stack enough of them on pricey land. It also shows that YIMBYism will not crash land markets or impoverish land-rich homeowners in attractive areas Tokyo also heightens the contradictions of the profit-focused version of the Homevoter Hypothesis: In the highest-demand neighborhoods of the US, the homevoters prioritizing "Boomer suburb vibes" are not just hurting renters, they're costing *themselves* billions of dollars of land value

Unfortunately, in one of the most absurd rulings I can remember, ministers' ChatGPT usage is deemed to be FOI-able. This is obviously hugely corrosive and more or less guarantees that no minister will (say they) use AI. See e.g. gov.uk/government/publicatio…