- 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.