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Hello and welcome to this week's Better Offline monologue.

I'm your host, Ed Zittron.

Better Offline.

Sorry about no monologue last week. I've had a very tough few months and needed a break,

and honestly, I'm still flagging a bit, but there's too much shit going on for me to stop talking,

and I love doing this job too much.

Anyway, earlier in this week, I ran a newsletter that I'll likely be turning into a few episodes about how few data sentence are actually getting built, and found that the vast majority of

those that broke ground in 2023 and 2024 are yet to be completed. My working theory is now

that barely any capacity is coming online, and that's why Anthropic had to buy up all 300 megawatts of Elon Musk's

Colossus 1 data center capacity, because there are no other options out there other than the guy

who said that Anthropic was misanthropic and evil. An embarrassing insult when you could just say

that Dario Amadeh sounds like he's doing Elizabeth Holmes' Steve Jobs' voice. In any case, I think we're in the good old-fashioned bullshit phase of the bubble.

I know some of you will say, but data centers are getting built, but what you mean is that

data centers are under construction. They are not, for the most part, being finished.

Across every Microsoft Data Center announced since 2023, I found two, Fairwater, Wisconsin and Atlanta, there were anything close to complete.

And despite Microsoft saying that they're both operational, they're actually both stuck on the initial phases.

I think there's some capacity online, but even then I'm not really sure.

I saw an article in the local newspaper saying that Fairwater,

Wisconsin wasn't even working. Now Microsoft has also claimed that it brought on a gigawatt

...