OpenAI CFO: Will Continue to Advance U.S. Data Center Expansion Plan
OpenAI Chief Financial Officer Sarah Friar said that OpenAI will continue to advance its U.S. data center expansion plan, despite concerns that the Democratic midterm elections have raised about stricter scrutiny of AI infrastructure. U.S. stock markets lost about $2.5 trillion on Thursday as a result, with investors weighing the impact on the chip, cloud, and networking sectors. Google said the same day that it will invest $17 billion to build its first data center in Wyoming.
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OpenAI Chief Financial Officer Sarah Friar said on Friday that the company will continue to push forward with its U.S. data center expansion plans, despite concerns raised by this week's Democratic midterm elections over stricter scrutiny of AI infrastructure. On Thursday, about $2.5 trillion was wiped off U.S. stock markets as investors weighed the impact on the chip, cloud and networking sectors—the biggest beneficiaries of the spending boom—amid fears that a Democratic sweep in the midterms could slow construction of facilities critical to the AI boom. However, there are signs that tech giants remain committed to data center expansion plans despite growing opposition. Google said on Thursday that it will invest $17 billion to build its first data center in Wyoming. (Yicai reporter Fan Zhijing)