The Universal Owner — June 6: Thirty billion for five gigawatts

A Blackstone- and pension-backed operator pledged thirty billion dollars to build five gigawatts of AI data centres in India, Gulf sovereign funds kept spending through the war, and the IEA's numbers say the real ceiling on the compute boom is electricity, not capital. The long take: is the universal owner funding a buildout it cannot power? Full brief and sources: https://www.universalassetowners.com