# Data Centers aren't the bubble with Eugene McGrane Page: https://stenobird.com/podcast/the-hc-commodities-podcast-1242341/data-centers-aren-t-the-bubble-with-eugene-mcgrane Text version: https://stenobird.com/podcast/the-hc-commodities-podcast-1242341/data-centers-aren-t-the-bubble-with-eugene-mcgrane.md Podcast: [The HC Commodities Podcast](https://stenobird.com/podcast/the-hc-commodities-podcast-1242341) Published: 2026-06-23T23:00:00+00:00 Episode link: https://www.hcgroup.global/ Audio file: https://dts.podtrac.com/redirect.mp3/cdn.simplecast.com/media/audio/transcoded/911da7df-97ee-4074-95b8-cb7db4fd953e/f16f4497-1462-46a1-9e27-57c332c5c121/episodes/audio/group/7fca960b-e4e2-4e99-9be2-f48ba8acd3ec/group-item/e55058c2-735b-4be1-8858-e9e242015eaf/128_default_tc.mp3?aid=rss_feed&feed=QXaWSc4o Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/the-hc-commodities-podcast-1242341/episodes/data-centers-aren-t-the-bubble-with-eugene-mcgrane Duration seconds: 3318 ## Resource Today we return to the subject of data centers. Are we in the midst of a huge AI bubble? And building over capacity in data centers that are destined to end up as dusty sheds in the middle of nowhere with huge power supplies attached, or are data centers the rate limiting factor and the crucial midstream of the future industrial age? Here to discuss bubbles and data centers is Eugene McGrane, Executive Managing Director at Cushman Wakefield, servicing all manner of clients with respect to real estate needs for the power and data center sectors. ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-hc-commodities-podcast-1242341/episodes/data-centers-aren-t-the-bubble-with-eugene-mcgrane/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/the-hc-commodities-podcast-1242341/data-centers-aren-t-the-bubble-with-eugene-mcgrane.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.