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US: House Advances Seminal Legislation To Expedite Data Center Buildout And AI Infrastructure Permitting

The U.S. House of Representatives has taken a decisive step to fast-track federal permitting for the nation’s burgeoning AI and data center sector. In a closely contested procedural vote of 215-209, lawmakers advanced the SPEED Act—legislation strongly supported by industry leaders including OpenAI, Meta, and Microsoft—aimed at streamlining critical infrastructure projects.

Accelerating Infrastructure To Compete Globally

Proponents argue that reforming the intricate permitting process is essential for maintaining U.S. technological leadership against global competitors such as China. By significantly reducing review timelines mandated under the 1969 National Environmental Policy Act (NEPA), the SPEED Act is designed to enable companies to invest hundreds of billions of dollars annually in building a modern digital infrastructure. This acceleration is viewed as vital not only for economic growth but also for reinforcing national security interests by advancing AI capabilities.

Bipartisan Dynamics And Legislative Challenges

Despite broad support from technology and semiconductor giants, the bill faces a complex legislative landscape. Bipartisan backers include House Natural Resources Committee Chair Bruce Westerman (R-Ark.) and Representative Jared Golden (D-R.I.). However, intra-party divisions—most notably from the House Republican Freedom Caucus—pose potential obstacles. Critics within the GOP argue that certain provisions, such as the amendment restricting a president’s authority to revoke permits for energy projects, could undermine executive oversight, thereby risking the bill’s passage.

Balancing Economic Growth And Environmental Oversight

The SPEED Act seeks to recalibrate the balance between environmental protection and economic development. By reducing the six-year statute of limitations for challenging permit decisions to just 150 days, the legislation aims to curtail protracted litigation that can stymie project implementation. While supporters such as industry advocates applaud the move as a necessary measure to support substantial investments in data centers and AI networks, some Democrats warn that it may tilt the scales too far in favor of fossil fuel agendas at the expense of clean energy initiatives.

Implications For America’s Digital Future

Industry voices, including Chan Park of OpenAI, stress that a more efficient and predictable permitting process is indispensable for building out vital infrastructure. As U.S. data centers continue to demand significant energy resources, the imperative to bolster energy generation and transmission capabilities grows stronger. Stakeholders such as the Data Center Coalition have highlighted that comprehensive permitting reform is essential not only for the success of AI projects but also for securing America’s ongoing global competitiveness.

With a final House vote on the horizon, all eyes are on Capitol Hill to see if this legislative package can overcome partisan hurdles and redefine the regulatory landscape for the nation’s critical tech infrastructure.

Eurobank Plans €1 Billion Investment In AI And Digital Banking By 2028

Eurobank plans to invest about €1 billion in technology from 2025 through 2028, its largest technology investment program to date. The Banking Forward strategy focuses on digital banking, artificial intelligence, customer experience and a “phygital” model combining digital services with face-to-face support.

Digital Banking Dominates Customer Activity

Digital channels already account for 96% of Eurobank transactions, with 61% completed through the Eurobank Mobile App. Among customers aged 35 and under, digital adoption reaches 94%.

Customers make about 574 million annual logins across e/m-banking and more than 1 million digital transactions each day. During the first half of 2026, one in three banking products was acquired digitally.

AI Moves Into Everyday Banking

Eurobank is expanding the use of AI through tools including EVA, its digital customer assistant, and myEVA, an AI-powered voice assistant for employees. The technology is also being applied to mortgage assessments, customer feedback analysis and contractual documents.

The bank’s technology architecture is built around five areas: digital channels, customer experience orchestration, data and AI, core banking, and infrastructure and cloud. About 50% of its applications and digital channels are already cloud-based.

Investment Extends Beyond Technology

The program is intended to reshape how Eurobank operates, combining automation and AI with employee development and human support. The bank says the approach is designed to improve services while maintaining access to face-to-face banking when customers need it.

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