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Distilled

Michael Thomas
Hundreds of paid subscribers

Visual stories to help you understand the world

Platform
Substack
PricingFreemiumPublishesTwice weekly
Issues135Founded4 years agoLast Issue6 days ago
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Latest Issues

OpenAI's Stargate Data Centers Are Taking Longer and Costing More Than Its Competitors'

Satellite images of Stargate Abilene. Captured April 13, 2026. © Airbus DS (2026)

Editor’s note: This story is based on extensive reporting and research that I did for Cleanview’s recently published behind-the-meter data center report. The...

6 days ago
29

Meta's Data Center Strategy and the Mad Max Phase of the AI Boom

Satellite image of Meta’s Socrates South power plant in New Albany, OH. Captured April 7, 2026. © Airbus DS (2026)

The AI race has officially entered its Mad Max phase.

Over the last month, I reviewed hundreds of documents and satellite i...

19 days ago
32

Data Center Developers Want to Build Their Own Power Plants. How Many Actually Will?

Earlier this year, I published a report about data center developers who were building their own power plants. For all the hype about the trend, there was little documentation of how these massive facilities would get built. So I reviewed h...

20 days ago
33
4

The World's Largest Planned Data Center Is Running Into Trouble

Update, April 19, 2026: On April 17, after this story was finalized, Fermi announced that co-founder and CEO Toby Neugebauer was departing the company effective immediately.


Last October, Fermi America raised $746 million in an IPO...

2 months ago
59
2

Google Is Considering Natural Gas Without Carbon Capture in Its AI Data Center Strategy

Few companies in the world are hungrier for electricity than Google. In 2024, Google’s data centers used 30.8 million megawatt-hours of electricity—more than entire countries, and roughly double what they consumed just four years earlier. I...

3 months ago
34
1

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