China has both the means & the political will to devalue the yuan for eternity, just as long as it helps preserve social stability.
that’s authoritarian socialism 101
OpenAI just signed to contract another 4.5 gigawatts of power from Orical… roughly the output of five nuclear plants. 🤯
For context, the last nuclear facility built in the U.S. took about 14 years to complete. Something tells me Sam won’t wait that long.
The fastest path to that level of capacity is fossil fuel generation.
If LNG—the cleanest fossil fuel—is used, it would emit roughly 2.7 million tonnes of CO₂ annually. That’s about two-thirds of Vermont’s total emissions in 2023.
At this pace, AI is on track to consume 12% of U.S. electricity by 2028. 🤯