September 5, 2026 — Weekly Recap: Billions in Deals, Backlash in the Backyard

This week's recap: the buildout's capital keeps compounding while the local politics get louder. Crusoe's reported $13 billion Jane Street cloud deal, SoftBank's $5.5 billion OpenAI warrant sweetener, and Flex's $4.4 billion power-conversion bet sit alongside California's ratepayer-protection bills, an Orange County moratorium proposal, Governor Abbott's Texas siting rules, Trump's escalating rhetoric, and utilities eyeing small modular reactors.

• Crusoe signs ~$13 billion, five-year AI cloud deal with Jane Street — DCD
• California lawmakers pass data center ratepayer protection bills — DCD
• The $5.5 Billion Perk SoftBank's Data-Center Venture Offered to Land OpenAI — WSJ via AI Weekly
• Trump says data center opponents face 'poverty, crime and squalor' — The Hill
• Orange County to weigh temporary moratorium on AI Data Center applications — clickorlando.com
• Gov. Abbott brings affordability plan, AI data center rules to Lubbock — KCBD
• Flex to Acquire EPC Power — Flex Investor Relations
• Utilities eye small modular nuclear reactors for reliability — Utility Dive

Source links

• @OpenAI on X
• @satyanadella on X
• @The_AI_Investor on X
• @thehill on X
• bloomberg.com
• datacenterknowledge.com
• forbes.com
• hoodline.com
• in.investing.com

Concrete Compute is an AI-voiced podcast, built and run by a real person. Nothing in this episode is financial advice.