{"id":788729,"date":"2026-07-09T07:45:25","date_gmt":"2026-07-09T07:45:25","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/788729\/"},"modified":"2026-07-09T07:45:25","modified_gmt":"2026-07-09T07:45:25","slug":"shark-tanks-kevin-oleary-issues-blunt-data-centre-warning","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/788729\/","title":{"rendered":"Shark Tank\u2019s Kevin O\u2019Leary issues blunt data centre warning"},"content":{"rendered":"<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">Kevin O\u2019Leary wasn\u2019t quite what we expected.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">Joining us via Zoom from his purpose-built television studio in <a class=\"css-1lg16vp-StyledTextLink ezegcyi0\" data-link-type=\"article-inline\" target=\"_blank\" href=\"http:\/\/7news.com.au\/news\/canada?page=1\" rel=\"nofollow noopener\">Canada<\/a>, the businessman was punctual, personable and even offered to record the interview on his end to improve the video quality.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">It was a far cry from the blunt, sharp-tongued \u201cMr. Wonderful\u201d that millions know from Shark Tank.<\/p>\n<p class=\"css-178igh4-StyledParagraph e1s06mna1\">Know the news with the 7NEWS app: <a class=\"css-h2mhmv-StyledContextualLink e1s06mna0\" href=\"https:\/\/7news.com.au\/app?utm_source=7NEWS&amp;utm_medium=contextual-link-app&amp;utm_campaign=7news-app\" target=\"_blank\" rel=\"nofollow noopener\">Download today Arrow<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/11ae4e78ec26141d24d5fd2b6724596197cd1c04.jpg\" alt=\"Shark Tank\u2019s Kevin O\u2019Leary\" class=\"css-16r7l45-StyledImage en5ut4d0\" loading=\"lazy\"\/>Shark Tank\u2019s Kevin O\u2019Leary Credit: Supplied <\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">But the relaxed demeanor shouldn\u2019t be mistaken for a lack of purpose. O\u2019Leary is pitching an idea, and Australia could be the next market for one of his biggest investment plays yet.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">The investor, whose fortune has been estimated at around US$400 million, has turned his attention to building the infrastructure that will power the next generation of artificial intelligence.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">His latest venture, Wonder Valley, is an ambitious proposal to develop massive <a class=\"css-1lg16vp-StyledTextLink ezegcyi0\" data-link-type=\"article-inline\" target=\"_blank\" href=\"https:\/\/7news.com.au\/news\/locals-fighting-ai-data-centre-expansion-plans-near-their-melbourne-homes-c-22354118\" rel=\"nofollow noopener\">AI data centre campuses<\/a> in Alberta, Canada, and Utah in the United States. The developments would include dedicated power infrastructure capable of supporting up to 15 gigawatts of computing capacity. If completed, Wonder Valley would rank among the largest AI infrastructure projects in the world.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/a1770497c92dc068c6716511f371e6bf703d78f0.jpg\" alt=\"A still shot from the Wonder Valley promotional video\" class=\"css-16r7l45-StyledImage en5ut4d0\" loading=\"lazy\"\/>A still shot from the Wonder Valley promotional video Credit: Supplied<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">O\u2019Leary claims this isn\u2019t simply about property development. It\u2019s about geopolitics.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cThere\u2019s a global competition going on regarding who will control the most advanced AI models,\u201d he said.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cIt really boils down to two countries: China and the US.\u201d<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">He argues the deciding factor isn\u2019t talent or software &#8211; it\u2019s electricity.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cIf I were the Chinese, I would want to win,\u201d he said.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cAnd what do you need for that? You need power.\u201d<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">O\u2019Leary points to China\u2019s rapid expansion of electricity generation as evidence the race is already underway.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cThey built 400 gigawatts of power primarily off coal-burning turbines,\u201d he said.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cThey\u2019re winning. They\u2019re building more power than any other country.\u201d<\/p>\n<p>The invisible infrastructure<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">Most people rarely think about data centres, yet they\u2019re behind almost every digital interaction &#8211; from online banking and government services to social media and AI chatbots.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">In many ways, they\u2019re becoming as essential to modern life as airports, ports or rail networks.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/43a303ea6fc6d61e970b9989155a5d790524cd67.jpg\" alt=\"A general view of a Next DC building in Brisbane Tuesday, June 16, 2026. Data centres are highly secure facilities that house thousands of computers, servers, and networking equipment required for cloud computing, online banking, streaming services, and artificial intelligence. (AAP Image\/Jono Searle) NO ARCHIVING\" class=\"css-16r7l45-StyledImage en5ut4d0\" loading=\"lazy\"\/>A general view of a Next DC building in Brisbane Tuesday, June 16, 2026. Data centres are highly secure facilities that house thousands of computers, servers, and networking equipment required for cloud computing, online banking, streaming services, and artificial intelligence. (AAP Image\/Jono Searle) NO ARCHIVING Credit: JONO SEARLE\/AAPIMAGE<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">Australia already has 162 operational data centres, with another 90 planned or under construction.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">Because they rely on reliable electricity, fibre networks and existing infrastructure, most are built close to cities and residential communities.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">That\u2019s where the conflict begins.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">Few people dispute the country needs more digital infrastructure.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">The bigger question is what communities are willing to accept to keep it running.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/9a86cb7e17a093bb9345fd93eba09021517c093d.jpg\" alt=\"A general view of a Next DC building, an AI Data Centre currently under expansion in Brisbane, Tuesday, June 16, 2026. Data centres are highly secure facilities that house thousands of computers, servers, and networking equipment required for cloud computing, online banking, streaming services, and artificial intelligence. (AAP Image\/Jono Searle) NO ARCHIVING\" class=\"css-16r7l45-StyledImage en5ut4d0\" loading=\"lazy\"\/>A general view of a Next DC building, an AI Data Centre currently under expansion in Brisbane, Tuesday, June 16, 2026. Data centres are highly secure facilities that house thousands of computers, servers, and networking equipment required for cloud computing, online banking, streaming services, and artificial intelligence. (AAP Image\/Jono Searle) NO ARCHIVING Credit: JONO SEARLE\/AAPIMAGE<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">Asked whether he\u2019d ever seen the level of community opposition now facing the industry, O\u2019Leary didn\u2019t hesitate.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cNo, I haven\u2019t,\u201d he said.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cBut I\u2019ll also say this: in the history of 250 years of the American economy, there\u2019s never been a capital expenditure this size ever in any sector. Ever. Not even close.\u201d<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">It\u2019s worth noting that some of the fiercest opposition in the US has been directed at O\u2019Leary\u2019s own projects.<\/p>\n<p>\u2018I\u2019d live next door\u2019<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">Much of the public concern centres on noise, water use and energy consumption.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">O\u2019Leary says those fears are based on outdated perceptions.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cThe reason that negative narrative started was about 15 years ago,\u201d he said.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cThey used copious amounts of water. They spewed off massive amounts of heat. They were really noisy because the chips back in those days were horrific in terms of the fans that cooled them.\u201d<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">Today\u2019s facilities, he argues, are very different.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cIf you look at a modern-day data centre, they don\u2019t even look remotely like anything built before because the technology is so much better.\u201d<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">His confidence goes as far as saying he\u2019d happily live beside one himself.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cI would live beside a data centre I built,\u201d he said.<\/p>\n<p>A warning for Australia<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">Australia\u2019s data centre boom is already raising serious questions about transparency, oversight and regulation at every level of government.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">But as the country prepares for an AI-driven future, Kevin O\u2019Leary believes Australia has a rare opportunity to attract billions of dollars in new investment. In fact, he\u2019d be willing to invest some of his own money.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">But, he says, success will depend less on politics than on policy.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cGovernment isn\u2019t really about politicians. It\u2019s about policy,\u201d he said.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cSet the rules so that capital from around the world understands what they are.\u201d<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/fc092ebbca375f9bd27b2caf36aa8e1f4789cf52.jpg\" alt=\"Prime Minister Anthony Albanese during Question Time in the House of Representatives at Parliament House in Canberra, Monday, June 29, 2026. (AAP Image\/Mick Tsikas) NO ARCHIVING\" class=\"css-16r7l45-StyledImage en5ut4d0\" loading=\"lazy\"\/>Prime Minister Anthony Albanese during Question Time in the House of Representatives at Parliament House in Canberra, Monday, June 29, 2026. (AAP Image\/Mick Tsikas) NO ARCHIVING Credit: MICK TSIKAS\/AAPIMAGE<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">He describes Australia as an attractive destination thanks to its political stability, natural resources and skilled workforce.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cIf they\u2019re competitive, everybody will come to Australia,\u201d he said.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cIt\u2019s safe. It has remarkable resources, highly educated people and a great entrepreneurial spirit.\u201d<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">His final message to policymakers was characteristically direct.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cThe only way you screw that up is with bad policy,\u201d he said.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">\u201cSo whoever\u2019s listening in government, read my lips: don\u2019t screw it up.\u201d<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">A new 7NEWS Spotlight documentary explores the promises and pitfalls of Australia\u2019s data centre boom &#8211; from the race to power the AI revolution to the concerns of residents living alongside these new digital factories.<\/p>\n<p class=\"css-1n6q21n-StyledParagraph e4e0a020\">WATCH: The Revolution: Inside Australia\u2019s Data Centre Boom, Sunday 830pm on Channel 7 and <a class=\"css-1lg16vp-StyledTextLink ezegcyi0\" data-link-type=\"article-inline\" target=\"_blank\" href=\"https:\/\/7plus.com.au\/\" rel=\"nofollow noopener\">7plus<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Kevin O\u2019Leary wasn\u2019t quite what we expected. Joining us via Zoom from his purpose-built television studio in Canada,&hellip;\n","protected":false},"author":2,"featured_media":788730,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99,44,105],"class_list":["post-788729","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business","tag-news","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/788729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=788729"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/788729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/788730"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=788729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=788729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=788729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}