DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 117

Malaysia Reveals $1.1B Loss from Crypto Mining Electricity Theft

0

Malaysia’s national utility provider, Tenaga Nasional Berhad (TNB), has revealed staggering losses exceeding RM 4.6 billion approximately $1.11 billion USD due to illegal electricity theft by cryptocurrency miners, primarily targeting Bitcoin.

This issue spans from 2020 to August 2025 and has prompted a nationwide crackdown involving advanced monitoring and joint enforcement actions. TNB identified 13,827 premises across the country where operators illegally bypassed or tampered with electricity meters to power high-energy crypto mining rigs.

These operations siphoned power directly from the grid, evading payments and straining the national electricity supply system. The theft equates to roughly 1.5 billion kWh of unpaid electricity, causing direct revenue losses to TNB and broader risks to grid stability, public safety, and economic security. Cases surged 300% between 2018 and 2024, from 610 to 2,397 incidents annually.

While cryptocurrency mining is legal in Malaysia, electricity theft violates the Electricity Supply Act 1990, carrying penalties of up to RM 10,000 fines or jail time. However, experts note that current laws lack specificity for crypto-related theft, leading to calls for stricter regulations.

The Energy Transition and Water Transformation Ministry disclosed these figures in a parliamentary reply on November 19, 2025, highlighting TNB’s collaborative efforts with police and other agencies. Key measures include: A centralized system tracks owners and tenants of suspicious premises, enabling targeted inspections.

Smart Meter Rollout: Installation at distribution substations for real-time detection of anomalies like power manipulation. Raids have seized mining equipment, with authorities urging public tips on illegal wiring.

This crisis mirrors global challenges in energy-intensive regions, where cheap electricity attracts miners but burdens utilities. In Southeast Asia, similar issues plague Thailand and Indonesia, underscoring the need for region-wide policies.

As Bitcoin’s energy demands grow amid rising prices, Malaysia’s case highlights the tension between innovation and infrastructure protection—potentially influencing how other nations balance crypto growth with energy equity.

TNB is aggressively rolling out Advanced Metering Infrastructure (AMI) smart meters to combat the RM 4.6 billion electricity theft problem, especially from illegal Bitcoin mining. Here are the key technical details of the systems currently in use or being expanded.

Primarily Landis+Gyr E450 and Itron OpenWay meters both widely used in Malaysia. PLC (Power Line Communication) + 2G/3G/4G cellular fallback. Substation-level and feeder-level smart meters critical for theft detection. High-precision 0.2s class meters installed at distribution substations and pole-top transformers

These compare total energy entering a feeder against the sum of all customer meters downstream. Energy Balance MonitoringThis is the most effective tool against crypto miners who bypass customer meters.

Crypto miners typically:Tamper or bypass the customer meter. Draw 200–2,000 kW directly from the medium-voltage line? Creates a huge discrepancy that substation smart meters instantly flag. Magnetic tamper, reverse flow, bypass detection.

Event logging; Records meter cover opening, high temperature, phase imbalance. TNB uses machine-learning models to flag “non-human” 24/7 flat loads typical of mining rigs. GPS-stamped photos. Technicians take geo-tagged photos during inspection.

Central server aggregates data from 9+ million meters nationwide. Mesh radio in dense urban areas. Head-End System (HES): Centralized platform that processes 500 million+ readings daily. Integration with GIS pinpoints exact transformer or street where losses occur within metres.

In short, the combination of high-precision substation metering + near real-time energy balancing + AI anomaly detection has become TNB’s most powerful weapon. Illegal miners can no longer hide behind bypassed customer meters; the grid itself now “sees” the missing energy within hours.

 

 

 

 

A Look into Sky’s $2.5B Major Investment in Crypto Yield Innovation

0

The Sky ecosystem formerly MakerDAO announced a significant governance decision to allocate up to $2.5 billion in USDS stablecoins to support projects incubated by Obex, a newly launched crypto incubator focused on yield-generating stablecoins.

This move is part of Sky’s broader “Endgame” initiative to enhance its decentralized stablecoin protocol by integrating real-world assets (RWAs) and fostering institutional-grade DeFi innovations.

Obex, based in San Francisco, raised $37 million in a seed round led by Framework Ventures, with participation from LayerZero and the Sky ecosystem itself.

Described as the “Y Combinator for stablecoins,” Obex aims to identify, fund, and accelerate early-stage teams building stablecoins that generate sustainable yields through RWA-backed strategies.

The incubator’s 12-week program provides participants with initial capital, technical resources, mentorship, and access to Sky’s infrastructure, culminating in a demo day for pitching to investors.

Projects graduating from Obex will undergo Sky’s risk and governance reviews. Those approved can tap into the $2.5 billion USDS pool for scaled deployment, potentially accessing up to nine figures per project.

This capital will primarily target sectors like: Compute credits: Tokenized GPU resources for AI and cloud computing. Energy assets: Large-scale solar, battery storage, and renewable infrastructure.

Fintech lending: Loans to established fintech firms for diversified, on-chain yield. The incubated projects are designed as independent decentralized applications within the Sky ecosystem, each required to return yield to Sky’s protocol—effectively creating demand for USDS and scaling its $9 billion market cap.

Sky’s commitment addresses recent challenges in the stablecoin space, where synthetic models (e.g., Ethena’s USDE) have faced peg instability amid DeFi exploits. By emphasizing RWAs, Obex prioritizes “institutional-grade” collateral to mitigate volatility and ensure stability, aligning with projections of the stablecoin market reaching $1 trillion.

Sky founder Rune Christensen highlighted Obex’s role in “supercharging” the ecosystem to compete with traditional finance giants like Apollo and Blackstone. Framework Ventures co-founder Vance Spencer noted the program’s appeal for capital-intensive crypto ventures, while LayerZero’s involvement underscores cross-chain interoperability for these assets.

Early focus on energy and compute RWAs could bridge DeFi with real-world industries, potentially unlocking new revenue streams for USDS holders via the Sky Savings Rate.

Major crypto discussions highlight this as one of the largest capital commitments in crypto incubation, signaling renewed confidence in RWA-DeFi convergence. No major criticisms have surfaced yet, though some observers note risks in yield compression as more issuers enter the space.

This development positions Sky as a leader in stablecoin evolution, with Obex poised to launch its first cohort soon. Recent failures of synthetic stablecoins like Stream Finance’s USDX and Elixir’s deUSD—triggered by the Balancer exploit—highlighted the dangers of crypto-collateralized yield strategies, which rely on volatile perpetual swaps and recursive lending.

Obex’s emphasis on “institutional-grade” RWA collateral introduces tangible, audited backing to prevent peg breaks. This could restore user confidence, reducing the likelihood of “blowing up $500 million stablecoins” as Vance Spencer of Framework Ventures warned.

Unlike synthetic models dependent on fleeting funding rates, RWA strategies generate returns from real economic activity, such as energy infrastructure yields or fintech credit spreads. Projections suggest yield-bearing stablecoins could outpace the overall $1 trillion stablecoin market.

With Obex accelerating this by funneling diversified, on-chain returns back to Sky’s protocol. The $2.5 billion pool—nearly half of Sky’s $9 billion reserves—will deploy into graduated projects via rigorous risk/governance reviews, potentially unlocking nine-figure tranches per team.

This creates organic demand for USDS as a reserve asset, boosting its utility and the Sky Savings Rate (SSR) for holders. Early deployment of $50 million signals aggressive scaling, with the remaining ~$2.45 billion poised to capture market share from less transparent issuers like Tether.

Obex’s 12-week accelerator model, likened to “Y Combinator for stablecoins,” democratizes access to capital for capital-intensive DeFi ventures. By targeting underserved sectors like compute for AI/cloud and renewable energy.

It bridges crypto with trillion-dollar TradFi markets, potentially onboarding institutional liquidity from players like Apollo or Blackstone. Analysts forecast this could propel stablecoin supply growth, which has risen for seven straight months to ~$300 billion, toward the $1 trillion milestone faster than anticipated.

Transport mobility in Ghana, India, and Nigeria [GIN Therapy Part 2]

0

In the first instalment of this three-part Series, I ‘weaved’ – literally – a narrative presenting Ghana first, then India, and Nigeria in what I dubbed the “GIN (Ghana, India, Nigeria) Therapy.” In that piece I acknowledged and part-celebrated Ghana’s official Geographic Indication (GI) status for Kente cloth, a protected status granted in 2025.

In this second instalment, the focus shifts to Transport Mobility… and especially 3-wheelers. Three-wheeled vehicles offer a distinctive blend of open-air riding and enhanced stability, but they also demand attentive, practiced control. By understanding their types, recognizing how they differ from motorcycles, and applying safe handling techniques, operators can reduce risk and enjoy their vehicles responsibly. Knowledge, practice, and respect for limitations remain the foundation of safe and satisfying three-wheel riding. The market seems fragmented between 2-3 wheelers and 4-wheeled vehicles, as well the blurred lines between Indigenous and international partnerships especially as far as components suppliers are concerned.

Electric Vehicle Adoption in Ghana: Emerging Insights and Contextual Realities

The transition toward electric mobility in Ghana remains in its formative stage, shaped by infrastructural gaps, policy evolution, and deep-rooted transport behaviours. While studies such as Ackaah, Menson, and Mensah (2025) document the technical and infrastructural dimensions of EV use, particularly the constraints posed by limited charging infrastructure, Dodoo, Dankyi, and Dankyi (2025) provide essential contextual grounding by exploring the socio-economic and behavioural realities of Ghana’s transport ecosystem.

Dodoo et al. (2025) investigate the widespread use of tricycles (“motor kings”) for commercial transportation, revealing how affordability, accessibility, and livelihood imperatives drive their adoption. These insights underscore that transport decisions in Ghana are often pragmatic and survival-driven, rather than environmentally motivated. Consequently, the study suggests that any national shift toward electric mobility must account for existing informal and low-cost transport systems, integrating them rather than displacing them. Electric tricycles and other small-scale EVs, for instance, could serve as transitional technologies bridging economic necessity and sustainability. Complementing this, Ackaah et al. (2025) highlight how inadequate charging infrastructure restricts EV mobility, particularly outside urban centres, while calling for integrated policy responses that align EV strategies with energy and urban planning.

In summing up, EV adoption in Ghana cannot be understood or advanced in isolation from the broader socio-transport realities captured by Dodoo et al. (2025). Sustainable mobility must engage with the informal transport economy, prioritize inclusive policy design, and ensure infrastructural readiness. Ghana’s pathway to e-mobility, therefore, lies not only in technological provision but in aligning innovation with the lived experiences of its transport users. Lessons from other African nations further reinforce the importance of coherent policy, renewable energy integration, and fiscal incentives. Before considering another African rising story (Nigeria) let’s first consider the Indian experience as laid out in the GIN (Ghana, India, Nigeria) scheduling.

India Powers Ahead as the World’s Largest Electric Three-Wheeler Market

India has officially cemented its place as the world’s largest electric three-wheeler market—and it is holding that title for the second year in a row. In 2024 alone, sales jumped by nearly 20 percent, reaching an impressive 700,000 units and accounting for a record 57 percent of all three-wheelers sold in the country.

According to a 2024 article “India Is Now the Biggest Electric 3-Wheeler Market in the World”, India’s electric three-wheeler industry is not just growing – it is transforming the way the country moves. Here’s a quick snapshot of the market’s performance in 2024: Record sales: Nearly 700,000 electric three-wheelers sold, up 20 percent from 2023. Rising market share – EVs now make up 57 percent of all three-wheelers, compared to 53 percent the previous year. Fastest transition – Among all vehicle types, three-wheelers are leading the charge in switching to electric mobility.

So, what is driving this rapid shift toward electric mobility? What’s Fuelling the Growth?

A mix of strong government support, cost efficiency, and rising environmental awareness is propelling India’s electric three-wheeler revolution. Several powerful forces are driving this surge in adoption – notably government support, lower running costs, and regulatory.

Government support – Initiatives like the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme have reduced upfront costs through subsidies, making EVs more accessible for small business owners and drivers. Lower running costs – Electric three-wheelers are not only cleaner but also cheaper to operate than their internal combustion engine (ICE) and CNG counterparts. Environmental push – With air quality becoming a growing concern, more people are choosing zero-emission vehicles for last-mile delivery and passenger transport. Regulatory boost – Some regions are restricting new ICE three-wheeler registrations, giving electric models a clear edge.

When it comes to state-level performance, Uttar Pradesh continues to dominate electric three-wheeler sales, closely followed by Bihar. These regions have become the heartbeat of India’s electric mobility story. And it is not just consumers driving the change – major players like Mahindra Last Mile Mobility, Bajaj AutoSaera Electric Auto, and Piaggio Vehicles are investing heavily in innovation and expanding their electric portfolios.

Three Wheels, A Thousand Stories: India’s Iconic Tuk-Tuk Ride

In the symphony of Indian street life where horns blare, colours blur, and humanity moves in rhythmic chaos few icons embody the country’s pulse as vividly as the tuk-tuk. Known locally as the auto-rickshaw, this three-wheeled motorised vehicle is far more than a means of getting from one place to another. It is a cultural symbol, an economic lifeline, and for travellers, a gateway to understanding India’s restless, beating heart.

In the swirl of India’s city-streets, among honking cars, motorcycles, cows ambling through intersections, and the steady churn of human-traffic, one vehicle both stands out and blends in: the three-wheeled motorised rickshaw — often called the “tuk-tuk.” Whether you are a local commuter or a foreign visitor, a ride in a tuk-tuk offers more than just transportation; it offers a fragment of life as lived in Indian towns and cities.

Riding Through Chaos: Discovering India by Tuk-Tuk 

Few sounds capture India quite like the rhythmic buzz of a tuk-tuk weaving through traffic. Known locally as the auto-rickshaw, this three-wheeled marvel is more than a mode of transport – It is a slice of everyday India on wheels. For locals, tuk-tuks are indispensable, bridging the gap between home, work, and public transport. For travellers, they are an open window into the country’s sights, smells, and sounds. The ride may be bumpy, the traffic wild, but the experience is authentic. With no barriers between you and the street, you feel the city’s pulse – the laughter of shopkeepers, the aroma of roadside tea, and the colour of life rushing past.

Tuk-tuks also represent the spirit of Indian ingenuity. They are affordable, adaptable, and everywhere – from Delhi’s chaotic boulevards to Jaipur’s pink lanes. Drivers often double as guides, storytellers, or negotiators, turning every short trip into a social exchange.

Over the years, the tuk-tuk has evolved from simple transport to a symbol of adventure. Global travellers now race them across India in challenges like the Rickshaw Run, celebrating the joy of unpredictability that defines the nation itself. The tuk-tuk is more than a ride – it is a journey through India’s heart. Every honk, turn, and gust of wind tells a story. To travel by tuk-tuk is to travel not just across distance, but through culture, connection, and the very soul of the streets.

India’s electric revolution is here, and the humble three-wheeler is leading the charge. 

In summing up, the tuk-tuk in India is more than a fun ride. It is a microcosm of Indian mobility: the throbbing street life, the informal hustle, the adaptive transport solutions, the mix of convenience and chaos. If you take one, do so with your eyes open: agree the fare, hold onto your valuables, lean into the ride, and treat every bump as part of the story. With strong policy backing, growing infrastructure, and increasing public interest, India’s electric three-wheeler market shows no signs of slowing down. What began as a quiet shift toward cleaner mobility has evolved into a nationwide movement—one that is setting an example for the rest of the world.

Transport (Im)Mobility in Nigeria

Finally, in the case of Nigeria,  I’ll keep the talk short and sweet, as this has been previously covered. As I pointed out in “The Three Musketeers: Emerging Electric Mobility Solutions in Nigeria”, the transportation sector in that country is at the cusp of a clean mobility revolution. The combination of rising fuel costs, sustainability imperatives, and growing technological adoption is driving innovation in both corporate and public transport. With May 2025 marking Bolt’s first foray into Nigeria’s EV tricycle segment – Bolt expanded its footprint in Nigeria by introducing 25 electric tricycles in Lagos, in partnership with SGX Mobility – complementing its existing operations in cities like Jos and Uyo. I summed up by acknowledging that Bolt’s initiative reflects a measured but forward-looking approach, balancing sustainability goals with economic realities for low-income drivers.

In 2025 transport immobility in Nigeria became a thing of the past – with the introduction of electric mobility solutions that promise to redefine how Nigerians commute and how organizations manage staff mobility. Notably, Janus Cleantech’s dual approach – transport plus energy – positions it as both a mobility provider and an energy enabler, directly addressing Nigeria’s challenges around energy poverty and fuel dependency.

All of these set the tone for the last instalment of the “3Ts” Treatise in my GIN Therapy series, and guess what? It is full of smoke as the emissions roll up the Tobacco business.

Keep your eyes peeled for the next episode, for now, I have my eyes wide shut.

Eli Lilly Becomes First Health-Care Company to Hit $1tn Valuation, Riding a New Era of Weight-Loss Drug Dominance

0

For decades, the trillion-dollar club has been the province of Silicon Valley giants—names like Apple, Microsoft, and Alphabet that shaped the digital age. But on Friday, a company far from the tech corridors of California briefly muscled its way into that elite circle.

Eli Lilly, the 147-year-old drugmaker headquartered in Indianapolis, touched a $1 trillion market capitalization in morning trading, marking the first time in history a health-care company has reached that milestone.

Its stock cooled afterward but continued trading near $1,048 a share, still reflecting the astonishing momentum behind the company’s transformation into the face of the global weight-loss drug boom. In the U.S. market, only Warren Buffett’s Berkshire Hathaway had previously reached the trillion-dollar threshold as a non-technology firm.

The climb has been swift as Eli Lilly’s stock has surged more than 36 percent this year, fueled by an insatiable appetite from investors who have watched the company outpace its Danish rival Novo Nordisk in the fiercely competitive GLP-1 drug category. At the heart of Lilly’s surge are two modern pharmaceutical phenomena: its weight-loss injection Zepbound and its diabetes treatment Mounjaro, both of which have reshaped the global conversation around chronic disease and obesity management.

Last month, Eli Lilly reported that Mounjaro generated $6.52 billion in third-quarter revenue, a 109 percent jump from a year earlier. Zepbound, approved for obesity, delivered $3.59 billion in the same period, soaring 184 percent year-over-year. Few modern medicines have posted growth at that scale, and demand is still accelerating as regulators approve new uses, insurers widen coverage, and policymakers grapple with how to integrate these therapies into public health systems.

Lilly expects the momentum to continue. An oral version of its blockbuster drugs is slated to reach the market next year, promising patients a more convenient alternative to injections—while giving the company a product that is cheaper to manufacture and easier to distribute at scale. Analysts now project that the global weight-loss drug market could surpass $150 billion by the early 2030s, and Lilly appears positioned to dominate that universe for years to come.

However, other players in the market are vying for the top spot as competition evolves. Novo Nordisk, despite recent stumbles and leadership changes, remains a powerful counterweight with its GLP-1 drug Wegovy and diabetes treatment Ozempic. And another heavyweight has now muscled in: Pfizer vaulted forward this month when it beat Novo Nordisk in a $10 billion bidding war to acquire obesity-drug developer Metsera. Analysts believe it’s just the beginning of the scramble for next-generation metabolic therapies.

The frenzy around Zepbound and Mounjaro has thrust Eli Lilly back into the center of global medicine in a way few expected. But the foundations of its success are deeply rooted. The company traces its origins to 1876, when Eli Lilly, a pharmaceutical chemist and Union veteran of the U.S. Civil War, opened a small laboratory in Indiana.

By 1923, the firm had introduced the world’s first commercial insulin, laying the groundwork for a century of leadership in diabetes care. It later brought to market a string of influential drugs, including the antidepressant Prozac and one of the earliest polio vaccines. Lilly went public on the New York Stock Exchange in 1952.

Its modern rise began in May 2022, when U.S. regulators approved tirzepatide—sold as Mounjaro—for diabetes. The injectable treatment arrived at a moment when Novo Nordisk’s Ozempic had already reshaped the landscape, yet Mounjaro offered something different.

The drug mimics two gut hormones, GLP-1 and GIP. While GLP-1 reduces appetite and food intake, GIP not only helps suppress appetite but may also improve how the body processes sugar and fat. Novo Nordisk’s semaglutide, used in Ozempic and the weight-loss drug Wegovy, targets only GLP-1.

The dual-hormone mechanism helped Mounjaro smash expectations. It reached “blockbuster” status—more than $1 billion in annual sales—within its first full year. By late 2023, Lilly secured approval for tirzepatide as a treatment for obesity, launching it as Zepbound and placing it in direct competition with Wegovy. The commercial effect was immediate. By 2024, Mounjaro had raked in $11.54 billion, while Zepbound reported $4.93 billion in revenue.

That momentum has now rewritten market history. A 19th-century laboratory founded by a Civil War veteran has entered the same valuation tier once reserved for the modern titans of technology.

In Mississippi’s ‘Digital Delta,’ Amazon Bets $3bn, Signals a New Front in America’s AI Infrastructure Arms Race

0

Vicksburg has lived many chapters in Mississippi’s economic story, but the latest one—scripted by a $3 billion Amazon investment—marks a shift from river-town legacy to AI-era frontier.

By 2026, the city is set to host one of the tech giant’s newest artificial intelligence data centers, a sprawling complex that state officials are already calling a transformative foothold in the South’s fast-emerging “Digital Delta.”

When Gov. Tate Reeves stepped forward Thursday to announce the project, he framed it as more than a local win.

“The future of technology is being built right here in the heart of the ‘Digital Delta,’” he said in a press release that cast the development as both symbolic and strategic.

At its core, the project is straight economic muscle. Amazon will pour $3 billion into Vicksburg and commit $150,000 to help fund a new Warren County educational grant. The data center itself will produce at least 200 high-paying full-time jobs, and another 300 jobs are expected to follow across Warren County—from engineers to network specialists, security teams, and operations managers.

But the story of how Vicksburg secured the deal wasn’t frictionless. “The decision by Amazon to build here was met with a number of challenges that the economic development team had to confront,” said Warren County Board of Supervisors President Kelle Barfield.

She credited state, city, and county officials for clearing those hurdles, arguing that the payoff is now clear.

“The result will be a major boost to our local tax base, securing revenues for services that continue to make Warren County such an ideal place to live and do business,” she said.

Amazon didn’t dispute the economic pitch. In its own release, the company emphasized the project as part of its broader cloud and AI ambitions. Amazon’s data centers power everything from cloud hosting to machine learning tools and the expanding suite of generative AI services that now underpin millions of customers’ digital operations. The Vicksburg campus will be the second Amazon Web Services hub in Mississippi, joining a massive $10 billion facility in Madison County built in 2024, which the governor’s office says created “thousands of indirect jobs.”

Still, the value proposition has been criticized. Across the U.S., the rapid build-out of data centers has been trailed by warnings from environmental groups and watchdog organizations. These facilities don’t just house servers; they drain enormous amounts of electricity and water to keep those servers cool and running. In some communities, that strain has contributed to surging power prices.

Mississippi officials insist that Vicksburg’s infrastructure can handle Amazon’s presence—helped partly by an assurance from Entergy Mississippi, which pledged long-term reliability for the center’s energy needs. The state also sweetened the deal: the project was enabled under the Mississippi Major Economic Impact Act, signed by Reeves in 2024, authorizing $44 million in state incentives.

Amazon, for its part, is trying to make its case not just as a job generator but as a community stakeholder. The company is launching the Warren County Community Fund, a grant program offering up to $10,000 each to residents, nonprofits, schools, and other organizations for projects tied to STEM education, sustainability, digital skills, culture, heritage, health, and well-being.

Amazon’s Chief Global Affairs and Legal Officer, David Zapolsky, leaned into that theme.

“We’re investing in the people and communities that make Mississippi strong, from training more than 6,500 Mississippians through our workforce development programs to our new Warren County Community Fund,” he said. “This is what responsible growth looks like—bringing cutting-edge technology infrastructure to America while ensuring local communities benefit directly from that investment.”

That training pipeline is no afterthought. Amazon already works with AccelerateMS, the Mississippi Development Authority, Hinds Community College, and Holmes Community College, delivering programs that have trained more than 6,500 workers statewide and engaged over 1,000 leaders in education and workforce development. The company has also embedded K-12 STEM initiatives in Madison County, Canton Public Schools, and Jackson Public Schools, offering everything from career-awareness sessions to hands-on workshops.

The economic stakes reflect a bigger national undercurrent. As generative AI becomes the backbone of business operations—and a centerpiece of cloud computing—data centers have become the infrastructure of geopolitical importance, coveted by states that want to anchor future industries. That has sparked what amounts to an AI infrastructure arms race across the country, with massive incentives, long-term utility commitments, and multi-billion dollar deals now commonplace.

For Vicksburg, the arrival of Amazon places the city squarely inside that contest. A river town that once defined itself by logistics and history is now being drafted into a future shaped by compute power, energy-intensive cloud clusters, and the promise—as well as the precariousness—of the AI age.

The cranes will arrive soon enough. The first server racks won’t hum until 2026. But for Mississippi policymakers, the ideal thing is that the state wants to be more than a consumer of AI – and it’s becoming a reality.