Development

Compute is recast as a fungible, durable, rentable asset

development2026-09-12

Claim

OpenAI's compute is up twentyfold, Oracle's capital spending tripled, Microsoft plans 38 gigawatts, and Jensen Huang called compute fungible, durable and highly rentable, while ten states axed data center tax breaks and Massachusetts demanded local approval.

Reported metric: 38 GW

Reporting date: 2026-09-12 (not necessarily the event date)

Sources

Attribution and reporting linked by this record; links do not imply independent verification.

Welcome to September 12, 2026 (theinnermostloop.substack.com)

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Reported in

Welcome to September 12, 2026

Actor

Evidence for

Supersedes

A lab signs 14.8 gigawatts of compute deals worth up to $517 billion

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Citation formatCitation text

Compute is recast as a fungible, durable, rentable asset
Innermost Loop KB — secondary record
Reporting date: 2026-09-12
KB permalink: https://nicholsn.github.io/innermost-loop-kb/developments/2026-09-12-compute-fungible-durable-and-highly-rentable
Claim: OpenAI's compute is up twentyfold, Oracle's capital spending tripled, Microsoft plans 38 gigawatts, and Jensen Huang called compute fungible, durable and highly rentable, while ten states axed data center tax breaks and Massachusetts demanded local approval.
Attributed sources:
- Welcome to September 12, 2026 — https://theinnermostloop.substack.com/p/welcome-to-september-12-2026
This citation does not imply independent verification of linked-source claims.

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