I had to laugh. Not sure what Kool Aid you’ve been drinking, but you should stop.
It’s far more likely the American companies will appropriate the government, as it has happened much too frequently, especially in Latin America.
https://www.brasildefato.com.br/2026/01/30/brazil-advances-a...
They also love pressuring tech companies over content, something much easier if they have expensive assets in the country.
There are still court cases pending over Venezuela's expropriation of assets.
https://tlblog.org/d-c-circuit-allows-venezuela-expropriatio...
Argentina was seizing multi-billion dollar oil firms as recently as fifteen years ago.
You're going to say, but those aren't datacenters. No, because nobody builds big datacenters in Latin America, because they have a history of nationalizing valuable assets.
Tech companies operating in a country have to comply with said country’s laws. In the specific case of Brazil, compliance with judicial orders is not optional. I remember Twitter was blocked because Elon tried to be non-compliant by firing everyone and thus having no representative in Brazil. It obviously didn’t work. The US forced similar adjustment on TikTok and doesn’t seem to hesitate trying to impose American laws outside its territory.
Most countries consider mineral resources to be state-owned if they are located within their national borders. Bribing officials and installing puppet governments only takes you so far, and occasionally local governments grow backbones to allow them to oppose exploitation.
- America. Much harder since the elections. Not appealing.
- Europe. Doesn't have enough electricity with anti-AI, anti-big tech and high tax governments. Not appealing.
- Latin America. Expensive, likely to have your assets appropriated by socialists. Not appealing.
- Africa. No.
- Middle East. Your GPU cluster might get blown up. No.
- China. To some extent yes. Plenty of power and space, pro-AI government, but many companies don't want to send their IP to a country famous for copying it and they're still under GPU sanctions.
- Japan, Korea, etc. Maybe. They're not really famous for big datacenters though.
- Australia, Canada. Possible, but you're exposed to Europe-style political risks.
There just aren't many places on Earth where it's realistic to build and operate AI datacenters once political issues and grid constraints are taken into account.