AI Capex Becomes a Data Center Power Cycle — June 19, 2026

Microsoft, Alphabet, Meta and Amazon’s AI capex is now a site-selection and power-underwriting problem, while Stargate’s “pay your own way” pledge exposes the enforceable grid question: who funds capacity, upgrades and backup when AI load lands? In this episode: Top stories: 1. AI Infrastructure Capex in 2026: What Hyperscaler Spending Means ... — Build https://build.inc/insights/ai-infrastructure-capex-2026 2. Step Back: When OpenAI says Stargate will “pay its own way” for power, what would that have to mean in enforceable grid terms — take-or-pay contracts, upgrade deposits, curtailment rights, capacity obligations — and where could costs still leak back to ratepayers or the market? Follow and rate The Data Center Daily on Apple Podcasts or Spotify. Feedback? Email [email protected]