{"podcast":{"title":"The Rundown","slug":"the-rundown-6758831","podcast_index_feed_id":6758831,"rss_url":"https://anchor.fm/s/f06a1be8/podcast/rss","website_url":"https://hoo.be/therundown","image_url":"https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_nologo/40234858/40234858-1771514111928-3e466e67e524d.jpg","author":"Public.com","episode_count":775,"summary":"Daily stock market update in under 10 minutes. Stay up to date with the companies making the biggest moves and learn about the economic news that can help you be a better investor. Hosted by Zaid Admani. Created by Public.com.","last_synced_at":"2026-08-01T04:17:14.677672+00:00","page_url":"https://stenobird.com/podcast/the-rundown-6758831"},"episode":{"title":"How Applied Digital Became the Landlord for Big Tech’s AI Buildout","slug":"how-applied-digital-became-the-landlord-for-big-tech-s-ai-buildout","published_at":"2026-05-25T00:02:52+00:00","page_url":"https://stenobird.com/podcast/the-rundown-6758831/how-applied-digital-became-the-landlord-for-big-tech-s-ai-buildout","show_page_url":"https://stenobird.com/podcast/the-rundown-6758831","url":"https://podcasters.spotify.com/pod/show/the-rundown6/episodes/How-Applied-Digital-Became-the-Landlord-for-Big-Techs-AI-Buildout-e3jqco6","audio_url":"https://anchor.fm/s/f06a1be8/podcast/play/120451270/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-4-24%2F424769955-44100-2-33dc253654136.mp3","summary":"AI data centers are becoming the backbone of the global economy, and Applied Digital CEO Wes Cummins says we’re still in the early innings. In this episode, Wes breaks down how his company went from building crypto infrastructure to making a massive early bet on AI before the rest of Wall Street caught on. He explains why hyperscalers like CoreWeave, Meta, and Microsoft are scrambling for power and compute capacity, why North Dakota unexpectedly became a hotspot for AI infrastructure, and why he believes data centers, not GPUs, will become the biggest bottleneck in AI. We also dig into the company’s explosive growth, the risks around debt and energy demand, and whether today’s AI boom could end like the dot-com bubble.","meta_description":"AI data centers are becoming the backbone of the global economy, and Applied Digital CEO Wes Cummins says we’re still in the early innings. In this episod…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2414,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-rundown-6758831/episodes/how-applied-digital-became-the-landlord-for-big-tech-s-ai-buildout/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-rundown-6758831/how-applied-digital-became-the-landlord-for-big-tech-s-ai-buildout.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}