On the morning of May 11th, the celebrity investor Kevin O’Leary appeared on Fox Business and announced that he was under attack by Chinese agents.
For weeks, he had been going on TV and posting online to tout his project, called Wonder Valley, after his nickname from the reality show Shark Tank, Mr. Wonderful. It was going to be enormous, “the largest data center in the world,” sitting on 40,000 acres north of Great Salt Lake in rural Box Elder County, Utah. A dedicated gas power plant would tap into an interstate pipeline and generate 9 gigawatts of electricity, more than double the average consumption of the entire state. The project was coming so fast, thanks to Utah’s governor and legislative leaders, O’Leary said, that “it shows China and the rest of the world we aren’t messing around.”
But now, wearing a black baseball cap printed with the words “Utah National Security,” he told Maria Bartiromo that he had noticed something baffling. Ever since the three county commissioners unanimously approved his data center the week before, O’Leary had observed a sudden increase in people mad at him online. For this he could see only one explanation.
AI, as every executive says, is a race. Like all arms races, this one is driven more by fear than hope.
“Who would want us to stop building our electrical grid? Who would want to stop us from having compute capacity to develop AI? Which adversary would want that?” he asked Bartiromo. “There’s only one: It’s China.”
Six weeks later, Bartiromo closed out a segment by pulling up a note O’Leary had posted the day before, white text on a black background: “Recently I appeared on various news programs and would like to clarify that I have no evidence that Alliance for a Better Utah, Elevate Strategies, Gabrielle Finlayson, Taylor Knuth or Josh Kanter are funded by China or the Chinese Communist Party.”
Over the past five months, I spoke with more than two dozen local officials, residents, and others involved with the project, including the CEO and cofounder of O’Leary Digital, Paul Palandjian, who, after describing himself as “an open kimono” of transparency, responded to emailed questions and requests to speak with O’Leary with a message from a lawyer threatening legal action over any false statements.
These interviews, along with thousands of pages of emails and text messages obtained through public records requests, show a project that moved with the urgency of an emergency. Everyone was racing — the developers against other speculators, O’Leary against rival projects chasing the same few tenants, Utah against other states, the United States against China — right up until they slammed into the residents of Box Elder County they had neglected to tell.
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