I feel like the debate Sriram describes often overrates how readily compute would 'leak' to other countries if the U.S. backlash against datacenters continued. There are (almost) no safe international candidates with lots of capacity and better political conditions; especially given the less-than-stellar reputation of the U.S. and its tech firms in many of these countries. With the gulf becoming less and less attractive, it's really hard to get something big built anywhere else. That means…