News Summary

• A new report says the world will spend $580 billion on data centers this year.
• That's $40 billion more than will be spent finding new oil supplies.
• Kirsten Korosec and Rebecca Bellan discussed the report's findings on TechCrunch’s Equity podcast.
• They pointed to a potential upside, with solar poised to power many of these new projects.
• They also discussed how these projects will be funded, with OpenAI saying it has committed $1.4 trillion to building data centers.