AI Data Centers Face Multi State Bans Here's What's Happening

Описание: #AI #DataCenters #BigTech
Big Tech just spent $650 billion on AI and lost $950 billion in market value. The insurance industry looked at the math and said "we're out." Six states want to shut the whole thing down.

Episode 9 connects the capex blowout, the layoffs, the fraudulent depreciation, and the insurance exodus into one picture nobody's showing you.

Rod Miller AI. AI News for People Who Ain't Stupid.

SOURCE NOTES
• $650B collective figure: Independently confirmed by Bloomberg ("How Much Is Big Tech Spending on AI Computing?", Feb 6, 2026), TradingView, Yahoo Finance, Silicon Republic
• $950B market value wipeout after earnings: The Decoder / Matthias Bastian, Feb 6, 2026; combined losses from Alphabet, Amazon, Meta, Microsoft post-earnings
• Self-reinforcing spending cycle / circular financing: The Decoder analysis, Feb 6, 2026
• Satya Nadella "token factory" quotes: Davos 2026 interview with Larry Fink; confirmed by Arab News, Business Powerhouse, Benzinga, 36kr
• Nadella "tokens per dollar per watt" and cost halving: same Davos interview + Microsoft Q1 FY2026 earnings call
• Meta $135B capex: Q4 2025 earnings call, Mark Zuckerberg
• Amazon $200B capex: Q4 2025 earnings, CEO Andy Jassy; shares fell 7% after-hours; "barbell" analogy and "quixotic" quote from earnings call
• Alphabet $175-185B and Pichai "supply constrained" quote: Q4 2025 earnings call
• Microsoft $37.5B/quarter, 65% YoY jump: Q2 FY2026 earnings (CNBC, Jan 28, 2026)
• Oracle $523B commitments, $156B capex estimate, CDS spreads tripled, potential 20-30K cuts, Cerner sale: TD Cowen research note (The Register, Jan 29, 2026)
• OpenAI $1.4T total commitments: Axios reporting
• OpenAI subscription covering ~25% of cost, $10B Microsoft subsidy: "Mind the GAAP" analysis
• Morgan Stanley "limited disclosure" warning: Morgan Stanley analyst note on Big Tech capex
• Michael Burry depreciation fraud, Oracle 27%/Meta 21% overstatement: Burry analysis (Axios)
• U.S. banks pulling back from Oracle lending: TD Cowen
ACT 2 — Value Flip / Layoffs / AI Limitations / Political Backlash:
• Amazon 14,000 additional layoffs (30K total): multiple reports, February 2026
• Oracle 20-30K potential cuts: TD Cowen
• Zuckerberg "one person can do what teams did": Meta Q4 2025 earnings call
• Challenger 50K+ AI-linked layoffs in 2025: Challenger, Gray & Christmas data
• Yale Budget Lab / Brookings analysis re: AI-washing: reported by NYT/Lora Kelley
• Forrester report on firms lacking AI infrastructure: Forrester 2026
• 56% of CEOs no AI impact, 43% C-suite save 8+ hrs vs 5% workers: CEO survey, February 2026
• Jerry Tworek quotes on models not learning from mistakes: Unsupervised Learning podcast, February 2026
• Apple researchers "reasoning collapse": Apple research paper, 2026
• Sam Altman "right now, again, it's chips" bottleneck confirmation: podcast interview, February 2026
• Altman on space data centers ("No" for 2-3 and 5 years): same interview
• New York three-year data center moratorium bill: Wired / TechCrunch, Feb 7, 2026; sponsored by Sen. Liz Krueger and Assemblymember Anna Kelles
• Six states considering data center pauses (NY, GA, VT, VA, MD, OK): Wired reporting
• Bernie Sanders calling for national moratorium: Wired
• Ron DeSantis "higher energy bills" quote: Wired / TechCrunch
• 230+ environmental groups open letter to Congress: Food & Water Watch, Friends of the Earth, Greenpeace, et al.
• Krueger "completely unprepared" and "bubble that will burst" quotes: Politico
ACT 3 — Insurance Exclusions / Bot Traffic:
• AIG AI exclusion filings: state regulatory filings
• Great American Insurance exclusions: state regulatory filings
• WR Berkley "Absolute" AI exclusion and exact language: Berkley insurance product documentation
• Verisk generative AI exclusion forms, effective Jan 1, 2026: Verisk product releases
• Chubb correlated AI failure exclusions: Chubb underwriting documentation
• TollBit/Akamai bot traffic data (1 in 31 visits, up from 1 in 200; 13% bypassing robots.txt, up 400%): TollBit report + Akamai data shared with WIRED, February 2026
• "Almost indistinguishable from human web traffic": TollBit report
• Mosaic "black box" quote: industry reporting
• Insurance analysts expect standard exclusions by late 2027: industry analysis
• Harvard Law School Forum "hidden C-suite risk": Harvard Law School Forum on Corporate Governance publication
Stablecoin / GENIUS Act / White House Summit:
• GENIUS Act signed July 18, 2025: White House fact sheet, Congress.gov
• GENIUS Act stablecoin holder priority in bankruptcy: Section 6 of the Act
• FDIC implementation rulemaking: FDIC.gov press release, December 2025
• White House summit February 2, 2026: CoinDesk, The Block, Bloomberg
• Patrick Witt led meeting, Diplomatic Reception Room, end-of-Feb deadline: CoinDesk, CryptoSlate
• Banks "rigid," no authority to negotiate: The Block, sourced from attendees
• Tether sided with banks via USAT / Anchorage Digital: Brogan Law report, CryptoSlate