Microsoft’s one-billion-dollar AI data center project in Kenya has stopped for now because of major power problems. The project started in 2024 and they planned to build it near Olkaria using power from hot underground water to create Microsoft’s first cloud computing area in East Africa. Kenya’s President William Ruto said that powering the whole project would require turning off electricity for about half the country, since Kenya’s power grid can only generate around 3,000 megawatts. Talks stopped due to disagreements about power supply promises and whether the country has sufficient infrastructure ready. Government officials say the project is not canceled and they are still discussing making it smaller or changing the plan.

“Voters are realizing that [they have the power]… to say ‘I do not want my tax dollars funding this genocide’." Fresh off new progressive victories in Michigan, @prem_thakker spoke to CO DSA candidate @MelatKirosCO about the future of the Democratic Party.

VergeX AI x WorldClaw We’re partnering to help power the next trillion-dollar market: Agentic Trading. By combining VergeX AI’s Harness powered autonomous multi agent trading infrastructure with @WorldClawAI AI access layer, we’re making professional grade AI trading systems more scalable, accessible, and cost efficient. The future of trading won’t be manual. It will be agentic.

Democratic lawmakers accused the Trump administration of abusing its power after officials admitted in a federal court filing they recommended terminating several billion dollars in grants for clean-energy projects based “solely” on states’ “political identity” and whether President Donald Trump won the vote there in the 2024 election.

Someone can certainly *make* a billion dollars. That’s not the same thing as earning. Growing fast and disrupting markets also often means chasing and wielding market power, political influence, and scale. Take Airbnb. They heavily lobby politicians against passing housing laws to protect working class residents because it’s bad for their business model. Airbnb could not exist at its current scale and size without the housing market destabilizations, displacements, and exploits that are supercharging the evictions of working people everywhere from Puerto Rico to Jackson Hole. Now young people are planning for a future where they will never be able to afford to own a home while others have 20 and live off renting it out to them at extortionate rates with zero protections. Yes, a tiny amount of people can make billions of dollars doing that. And millions of everyday Americans are bearing the cost.

Harvard Kennedy School got tens of millions of USAID dollars. Last year, its fellows were implicated in an illegal gun-running scheme to violently topple the gov't of South Sudan. Naturally, USAID Administrator Sam Power went straight there after running USAID.

Today Meta $META hinted it might rent out spare computing power, and its value jumped about 98-100 billion dollars in a single morning, roughly twice the entire market value of CoreWeave, the company Meta just signed a 21 billion dollar deal to buy computing power from. The buyer is turning into the seller, and the market cheered. The trigger was a Bloomberg report, which Meta has not confirmed, that it is building a cloud business called Meta Compute to rent access to its data centers and its own AI models. No product, no price, no launch date. On the rumor alone the stock rose as much as 10 percent while the pure rental firms cratered, CoreWeave down 13 percent, Nebius down 15. The strange part is that Meta is still one of the largest buyers of compute on earth, spending roughly 130 billion dollars this year, close to double last year, with active deals to buy far more. It is not drowning in spare machines. It is floating the idea of selling a few to help justify buying the rest. Which tells you what the market actually bought today. Not a product. Relief. A first hint that all that spending might one day earn something back. And it lit up the circularity now running underneath the entire trade. Meta buys compute from CoreWeave. CoreWeave borrows against more than 50 billion dollars in liabilities to buy the Nvidia chips it rents out. Musk's xAI rents its Memphis data center to Anthropic. The same chip, the same server, gets booked as revenue two and three times as it moves around the loop. So when a buyer this size starts talking about selling, an uncomfortable question sits under the rally. If the biggest customers turn into suppliers, what holds up the scarcity that made all of this worth so much? CoreWeave shedding a tenth of its value on a rumor is the market beginning to ask. One number should stop you. Meta added more value in a single morning, on a report it would not even confirm, than CoreWeave is worth in full. Nobody was pricing a launch. They were pricing hope, that one of the most expensive spending races companies have ever run might finally sell something more than a promise. The buildout is not slowing. What changed today is that its biggest spenders admitted, out loud, that they now need to sell the shovels to keep funding the dig. Wild times!

BREAKING: The market just added more than 100 billion dollars to Meta's $META value in a single morning on one word … “EXCESS”. The company is reportedly building a business to sell its spare AI computing power to outside customers, a rival to Amazon and Microsoft's cloud. Investors cheered proof that Meta's staggering spending finally has a payback plan. There is one problem with the word excess. Months ago, Meta was so short of compute it told its own engineers to use less. Earlier this year, Google restricted Meta's access to its AI models, unable to meet Meta's demand, which delayed Meta's own projects and pushed it to ration usage internally. Meta then signed tens of billions of dollars in take-or-pay deals to lock in more. Zuckerberg has said plainly that the industry is starved of computing power and that Meta should grab as much as it can. This is not a company drowning in surplus. No way!!.. It is a company that could not get enough. So the cheer may have it backwards. Selling compute is not Meta confessing it overbuilt. It is Meta doing what Amazon did when it turned its own plumbing into a business worth more than the store. You sell access to the machine while you keep buying more of it, because the selling is how you finance the buying. That flips the whole meaning. Think again! The same news that reads like the spending is finally slowing is a signal it is about to climb. Compute has become the new oil, and the tell is that the companies burning it fastest are opening the pumps. Not because they have too much. Because they have understood that the scarcest thing in the world is worth selling, even to rivals, even as they scramble to secure more of it than anyone else.

Alexandria Ocasio-Cortez: You can't earn a billion dollars. Ilana Glazer: That's right. AOC: You just can't earn that. Glazer: That's exactly correct. AOC: You can get market power. You can break rules. You can do all sorts of things. You can abuse labor laws. Glazer: Yup. AOC: You can pay people less than what they're worth. Glazer: Yup. AOC: But you can't earn that, right? Glazer: That's right. AOC: And so you have to create a myth that -- since you didn't earn that, you have to create a myth of earning it.