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Equity

Are data centers the new oil fields?

Equity

TechCrunch

Founders, Silicon Valley, Finance, Ipo, Vc, Technology, Business News, Startups, Business, Venture Capital, News, Stock Market, Entrepreneurship, Techcrunch

4.2 • 365 Ratings

🗓️ 14 November 2025

⏱️ 32 minutes

🧾️ Download transcript

Summary

A new report from the International Energy Agency (IEA) shows that $580 billion will be spent globally on AI data centers in 2025 alone. This is $40 billion more than will be spent on new oil supplies — leading us to conclude that data centers are the new oil fields. But is this a net positive for the environment or just a different kind of resource drain?  On TechCrunch's Equity podcast, Kirsten Korosec, Anthony Ha, and Rebecca Bellan dig into what this spending shift means for the energy grid, climate tech, and whether taxpayers should be footing the bill for Big Tech's infrastructure ambitions.  Listen to the full episode to hear about:  The anti-AI disclaimer at the end of Pluribus  Israeli AI agent startup Wonderful's massive $100 million Series A, and why customer service might be the killer app for AI agents  Swedish autonomous vehicle company Einride's SPAC deal — yes, SPACs are back — and whether its electric truck business can carry the autonomous pod dream  Why OpenAI's CFO walked back comments about government "backstops" for data center loans, and what the company is actually asking for from the CHIPS Act  The rise of government spyware targeting journalists and activists, and why mobile phone design makes it nearly impossible to detect  How China-backed hacking groups like Salt Typhoon are "pre-positioning for sabotage" in critical infrastructure worldwide    Disclaimer: This podcast was (also) made by humans  Subscribe to Equity on Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is a paid ad by Fidelity Private Shares.

0:03.2

A messy or missing cap table might not just slow you down.

0:05.8

It could cost you your next fundraising round.

0:08.2

Hello and welcome back to Equity TechCrunch's podcast about the business of startups.

0:13.7

Today is Friday, November 14th.

0:16.2

I'm Kirsten Koresak, transportation editor here at TechCrunch.

0:19.0

And I'm joined by weekend editor Anthony

0:22.0

Hot and Senior AI Reporter Rebecca Boulon. Welcome you to. Anthony, I have to know if you've

0:30.3

watched this new show, Plurbus. I think I'm saying that right. And specifically, I'm asking,

0:36.6

not just because it's like a creepy thriller, but I'm curious

0:39.4

if you saw this disclaimer that people are talking about.

0:42.7

So I haven't seen the show yet.

0:44.5

I don't currently have an active Apple TV subscription, but I'm planning to renew it specifically

0:49.2

to watch.

0:50.2

But I did see some conversation about the show. You know, it's the new show from Vince Gilligan, the creator of Breaking Bad, and it's supposed to be amazing.

0:57.9

But also that if you stay and watch to the very end of the credits, there's a little card that says this show was made by humans,

1:05.0

basically a way of declaring that there's no generative AI used in this show, which I think is probably true of most TV shows at this point. But it's kind of a way of kind of like drawing a line in the sand or putting, you know, a flag down, whatever metaphor you want to use, just saying, we're not interested in this. This is what we're doing. I don't know. Have you seen the show? I haven't seen the show, but I'm now like going to look at disclaimers at the end of every show to see if this becomes a thing.

1:31.3

Because I have a feeling that this will become, like right now there's a novelty to it, right?

1:36.2

But I think this might become sort of a standard.

1:38.8

I don't know if either of you to think that that's a little bit too, like over the top.

1:43.2

But I do think that this is going to be something where, like, music maybe labels or television streaming, like puts a disclaimer at the end or not. Yeah, I think that we are going to see more of this. I've seen it in like people talking about fiction. I think I picked up a book that said, like, there was no AI in the making of this book. And, you know, when we're living in a world where you don't know if someone wrote something with Chad GPT and you don't know if someone lost weight using regular methods or OZMPIC, I think that these disclaimers are going to be, unfortunately, more common. Not that I think that's what they were trying to do with that. I think they were just trying to make a statement because I'm pretty sure. Didn't Vince Gilligan say something in a variety piece saying like I hate AI and thank you Silicon Valley for screwing up everyone's lives or something? Yeah, I mean, that's pretty close to a verbatim quote. I think he is very unambiguous about thinking this stuff sucks. That's not a

2:35.9

universal opinion in Hollywood, but I think it's a very popular opinion in Hollywood. I think what's also

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