The Source Signals

Big Tech’s AI Ambitions Are Colliding With the Power Grid

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The AI Gold Rush Has a Hidden Kingmaker
Sindhu Kashyap Sindhu Kashyap

The AI Gold Rush Has a Hidden Kingmaker

OpenAI, Anthropic and their peers may be the miners, and NVIDIA the shovel seller—but the quiet force shaping the entire boom is ASML, the Dutch firm whose machines make cutting-edge chips possible. Yet as computing scales, a second kind of kingmaker is emerging inside enterprises: the governance systems that decide whether AI can be trusted at all.

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